FOOD PROCESSING AND PRESERVATION
HIGH PRESSURE PROCESSING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following best describe how disposable income affects food consumption pattern?
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The higher the disposable income, the lower spending power on food.
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The higher the disposable income, the higher spending power on food.
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The higher the disposable income, the higher the percentage of income spend on food.
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None of the above
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Explanation:
Detailed explanation-1: -Disposable Income is the money that is available from an individual’s salary after he/she pays local, state, and federal taxes. It is also known as disposable personal income or net pay. The disposable income of a household includes earnings plus unemployment benefits and capital income.
Detailed explanation-2: -The correct answer is Personal disposable income = personal income – personal tax payment – non-tax payment.
Detailed explanation-3: -The relationship between consumption and disposable personal income is called the consumption function. It can be represented algebraically as an equation, as a schedule in a table, or as a curve on a graph.
There is 1 question to complete.