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Consumer Income: Definition & Statistics Video

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What's the best explanation of consumer income?

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1. What's the best explanation of disposable income?

2. Which one of the following government agencies collects data on consumer income?

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About This Quiz & Worksheet

Let us teach you about some basic info pertaining to consumer income using this handy worksheet and quiz combo. Test your knowledge of consumer income, what it entails, and how it's affected by the state of the economy.

Quiz & Worksheet Goals

You'll be tested on the following with our practice questions:

  • What consumer income is
  • Disposable income
  • The government agency that collects consumer income data
  • The definition of median
  • The state of consumer income between 1990 and 2011

Skills Practiced

You will strengthen the following skills when you use these materials:

  • Interpreting information - verify that you can read information different types of income and interpret it correctly
  • Reading comprehension - ensure that you draw the most important information from the related lesson on consumer income
  • Making connections - use understanding of the concept of median consumer income to recognize how it's affected by the economy

Additional Learning

Learn more about this subject with the lesson called Consumer Income: Definition & Statistics. You will learn how to:

  • Define a median and draw conclusions based on median consumer income in the U.S.
  • Explain the correlation between household income and sales
  • Differentiate between after-tax income and aggregate income
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