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Earn +20 ptsQ: What is the Formula for finding disposable income?
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The mpc can be defined as that fraction of a?
change in income that is spent. a change in real disposable income that is spent.
How is the MPC related to the consumption function?
It is connected by the formula(consumption function) C =A+MD where C = Consumer spending A=Autonomous consumption M=Marginal Propensity to consume D=real disposable income
What is the aggregate expenditure function in terms of income?
the function that represents total spending in an economy at a given level of real disposable income.
What is the formula for finding probabilities?
The formula for finding probability depends on the distribution function.
Is the formula for finding the area of an oval the same as the formula for finding the area of a circle?
No because the formula for finding the area of an oval, which is an ellipse, is quite different
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