Solved

Linda Earned an Income of $3,000 Per Month Which Has

Question 87

Multiple Choice

Linda earned an income of $3,000 per month which has now increased to $3,500 per month. She saves 10 percent and spends the remainder on food, lodging and other expenses. So far, she has managed to save $20,000. What is her disposable income after the increase?


A) $20,000
B) $3,500
C) $2,700
D) $3,150
E) $450

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q15: Government outlays equal:<br>A)the difference between government expenditures

Q38: Which of the following best describes the

Q75: The smaller the marginal propensity to save,other

Q82: An increase in real disposable income will

Q83: A decrease in the price level in

Q86: _ is the reward savers earn for

Q89: Linda earned an income of $3,000 per

Q90: Exports minus imports equals net exports.

Q92: If the marginal propensity to consume (MPC)

Q104: Movement along the aggregate demand curve may