Economics- consumption 0.0 / 5 ? EconomicsUnemploymentASEdexcel Created by: kian burgessCreated on: 08-01-18 14:47 What is disposable income? Household income over a period of time including state benefits, less direct taxes 1 of 5 What is a durable good? Goods which are consumed over a long period of time, such as a television set or a car 2 of 5 What is investment? The addition of capital stock to the economy 3 of 5 What does the term underemployed mean? Those who would work more hours if available or are in jobs which are below their skill level 4 of 5 What does the term frictional employment mean? When workers are unemployed for short lengths of time between jobs 5 of 5
Economics, unit 1, AQA, market failure, the economic problem, goods and services, costs, production, opportunity cost 0.0 / 5
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