Homework answers / question archive / If most of the households in a country are NOT credit-constrained then which of the following is CORRECT? Consumption path of most of the households will NOT follow their income path O Consumption will depend mostly on income for a lot of households Most of the households will not be able to take loans from the banks O Most of the households will NOT be able to consume more than their income O US EUROZONE CHINA TURKEY CONSUMPTION (C) 68

If most of the households in a country are NOT credit-constrained then which of the following is CORRECT? Consumption path of most of the households will NOT follow their income path O Consumption will depend mostly on income for a lot of households Most of the households will not be able to take loans from the banks O Most of the households will NOT be able to consume more than their income O US EUROZONE CHINA TURKEY CONSUMPTION (C) 68

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1. If most of the households in a country are NOT credit-constrained then which of the following is CORRECT? Consumption path of most of the households will NOT follow their income path O Consumption will depend mostly on income for a lot of households Most of the households will not be able to take loans from the banks O Most of the households will NOT be able to consume more than their income O

2. US EUROZONE CHINA TURKEY CONSUMPTION (C) 68.4% 55.9% 37.3% 70.8% GOVERNMENT SPENDING (G) 15.1% 21.1% 14.1% 15.1% INVESTMENT (1) 19.1% 19.5% 47.3% 21 % EXPORTS (X) 13.6% 43.9% 26.2% 25.6% IMPORTS (M) 16.6% 40.5% 23.8% 32.2% Which of the following is CORRECT according to the above table (GDP from 2013)? O The share of consumption in total GDP is highest in the USA 0 Eurozone countries on average have the largest government spending share total GDP 0 China is the largest exporter in terms of the share of exports in total GDP O Import shares are greater than export shares in all countries