In spending all his income

  1. Simple economies can be described in terms of three major economic flows. These are:income, spending and saving. spending,
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  2. Which one of the following is/are not a leakage or withdrawal from the circular flow of income and spending in the domestic
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  3. What is defined as a budget surplus? (1 point)Responses Spending exceeds income. Spending exceeds income. A spending necessity.
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  4. What is defined as a budget surplus? (1 point)Responses Spending exceeds income. Spending exceeds income. A spending necessity.
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  5. What is defined as a budget surplus? Responses Spending exceeds income. Spending exceeds income. - incorrect A spending
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  6. What is the first step toward determining how much you can save?(1 point)Responsesput 15% of your income into savingsput 15% of
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  7. What is defined as a budget surplus? (1 point)A. Spending exceeds income. B.A spending necessity. C.A spending desire or luxury.
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  8. What is refined as a budget surplus?Spending exceeds income A spending necessity A spending desire or luxury Take -home pay
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  9. What is defined as a budget surplus?Spending exceeds income. A spending necessity. A spending desire or luxury. Take-home pay
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  10. Which is the first step in setting a financial goal? (1 point) Responses setting aside leftover income setting aside leftover
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