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What is the aggregate expenditure function in terms of income?
Wiki User
∙ 11y ago
the function that represents total spending in an economy at a given level of real disposable income.
Wiki User
∙ 11y ago
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What is the definition of a function in mathematical terms?
find it yourself okay jesus
When do you say that a graph is a function?
In simple terms, if a vertical line meets a graph in more than one place it is not a function.
What does discrete function mean?
Discrete Function - A function that is defined only for a set of numbers that can be listed, such as the set of whole numbers or the set of integers. Explicit Definition - A definition of a function by a formula in terms of the variable.
Does the equatiion y squared plus x equals 1 represents a function y in terms of x?
No. It represents a function of x in terms of y but, in strict mathematical terms, not a function of y in terms of x. This is because the mapping from the domain (x values) to the range (y values) is 1-to-many. For each value of x, there can be 2 values of y. For example, x = 0 gives y2 = 1 so that y = ±1.
What is the definition for end behavior in math terms?
you have to tell if the arms are pointing up or down on a function
What is an aggregate in math terms?
It is the sum of a set of values.
Why do you use the GDP as your principal measure of aggregate economic activity?
I'm not sure if the question is accurate in the first place, GDP is only one measure of aggregate economic activity, it is chiefly a measure of aggregate output. It can be measured three ways which all end up with the same number. It can be measured by the expenditure approach, income approach or value added approach. The REAL output level of a country is important in terms of recognizing whether a country is experiencing growth over an extended period of time, if the economy is producing it, it must be spent, if money is spent it must be earned, so while GDP is not a measure of economic activity exactly it is important to understanding economic activity in general.
What are solvency and profitability?
Solvency ad profitability are financial terms. In basic terms solvency is how solvent you are. If you have more assets than liabilities then you are generally termed to be solvent however if it is the other way around you are generally termed to be insolvent, however you may have sufficient income to fund your liabilities so it is only a theoretical insolvency. Profitability is the excess of you income over your expenditure.
What is 'Revenue and Profitability'?
Revenue is the income into the company from Sales or the provision of services. Profitability is an assessment of the companies performance where Revenue & Expenditure are compared and the difference is a profit or loss which thereby indicates the profitability of the business. In simple terms its' ability to make a profit or not.
What is the per capita income of Tijuana?
Income per capita is approximately US$7,633 in nominal terms. In PPP terms it would be around US$11,820. In relative terms, Tijuana has the same income of Brazil or South Africa.
How much income does an average Arab get?
They are paid 72. Their income is in terms of virgins
What is the study of the nation's economy?
Macroeconomics is the study of a nation's economy. (Aggregate demand, aggregate supply, GDP, economics growth, inflation etc are all terms used in macroeconomics to describe one economy on its own)
Are Stocks cash income even if they are not liquidated?
Stocks are not cash or income, they are an asset. Once they are sold, the value is "realized" in terms of income.
What is the terms for a tax on earnings?
In the UK it is known as "Income Tax".
What is the formula for net income?
In simplest terms, it is total (gross) income (before taxes) plus benefits minustaxes.
What terms is defined as increase or decrease in purchasing power brought on by changing in price?
income effect
What is the meaning of 'aggregate' in terms of weight?
Aggregate is a process of combining separate objects to make one object or mass. A house, as an example is an aggregate of wood, insulation, nails, shingles, etc. The whole mass is considered a house, workshop, utility shed, or even garage. Aggregate weight would be the overall weight of combining several separate objects. As an example, five people getting onto an elevator would have a combined (aggregate) weight. Their individual weights added together, but separateley, they have their own individual weight.
