current disposable income held to buy consumption goods in the future is referred to as\na. future…
current disposable income held to buy consumption goods in the future is referred to as\na. future consumption.\nb. savings.\nc. saving.\nd. autonomous consumption.\nconsumption is a variable.
Answer
Brief Explanations:
- Saving is the act of setting aside current disposable income to purchase consumption goods in the future. Savings (plural) usually refers to the total amount accumulated. Future - consumption is the actual act of consuming in the future, and autonomous consumption is the consumption that does not depend on income.
- Consumption is a flow variable as it represents the amount of goods and services consumed per unit of time, like per month or per year. A stock variable is a quantity measured at a point in time, while a flow variable is measured over an interval of time.
Answer:
- C. saving
- flow