Can you please tell me if my answers are correct?

Chapter 8 Review Questions 1. Disposable income does not influence the amount of consumer expenditures. O True False 2. A sudden decrease in consumer's wealth-resulting, for example, from a stock market crash-would initially cause a(n) o, a. downward movement along the consumption function b. downward shift of the consumption function. o c. upward shift of the consumption function. o d. upward movement along the consumption function. 3. The difference between national income and disposable income is O a. residential investment. of b. federal deficits. c. net exports. o d. financial investment. o e. the amount of taxes collected. 4. Most statistical studies on the relationship between real interest rates and saving conclude that higher real interest rates o a. have no effect on saving. o b. increase saving. o, c. tend to decrease saving. d. tend to decrease both consumption and saving. 5. Perhaps the best measure of economic progress is a. the growth rate of real GDP per capita, since it takes into account both price changes and population growth. b. the annual inflation rate, since it accounts for what is happening to prices. o c. rare but has been increasing rapidly as the United States catches up to other countries. o d. about as common as it is in European countries. 6. Government ownership of property and resources in the United States is a. relatively rare; the United States is mostly privatized. o b. widespread; the United States is a leader in the amount of government ownership of resources. o c. rare but has been increasing rapidly as the United States catches up to other countries. o d. about as common as it is in European countries. 7. In the United States most workers o a. produce raw materials for manufacturing. o b. work in agriculture an farming. c. work for government of some sort. d. produce services rather than goods. 8. In 2017, about what percentage of goods and services sold in the United States was imported? a. 15 percent o b. 88 percent c. 5 percent o d. 22 percent