Social Flashcards
T/F
Personal Disposal Income is the actual amount of money that the consumers can spend
TRUE
T/F
Per Capita Income refers to how the national income is divided among all sectors of the economy
FALSE
T/F
Every action and movement of each economic sector causes and increase in the price commodities
TRUE
T/F
People with fixed income benefit from inflation
False
T/F
The consumer price index is considered as an economic indicator because it indicates the amount of supply in the country
False
T/F
Income is the money received by an individual as a payment for producing goods and services
True
T/F
The household supply the factors of production to the business Firms
True
T/F
Lorenz Curve is a diagram that shows the relationship between population and income received in the economy
True
T/F
Debtors are individuals who are hurt from inflation
False
T/F
Economic activities like consumption and saving or vital in a paining economic progress and development
True
T/F
The devaluation refers to the increase of the value of Peso compared to a foreign currency like the US dollars
True
T/F
The Monopoly and cartel always want price decrease
False
T/F
Workers demand a higher salary because of inflation
True
T/F
Saving money is a good and meaningful activity of a man but during inflation in the money in the bank depreciates in value due to the high interest of the bank
True
T/F
Individuals who save benefit from inflation
False
