Chapter 1: LECTURE NOTES
A person or firm that spends less money than they receive in income. A person or firm that spends more than they receive in income. ANSWER: d . If John receives $2000 monthly in net wages and spends $700 in rent, $500 on a car payment, $250 on entertainment, and $200 on groceries he is a(n) deficit spending unit. negative cash disbursement. ................
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