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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
How to culculate personal income to disposable income?
Personal Income = Disposable Income + Personal Savings
Does disposable income decrease when income decreases?
yes because the disposable income it is necessary to determine total income so when income decrease does disposable income decrease also.
Where can one find disposable income?
Disposable income is defined to be income that is available for spending and saving after all taxes have been accounted for. Therefore, disposable income is a result of any income in a general sense. One needs to have a source of income such as a job to have more disposable income.
What is the between disposable income and discretionary income?
Formulas are: Disposable income = consumption expenditure + savings - support of others; Discretionary income = Gross income - taxes - necessities. Although denotatively wrong, disposable income is commonly used to denote discretionary income.
What is the different disposable income and discretionary income?
Formulas are: Disposable income = consumption expenditure + savings - support of others; Discretionary income = Gross income - taxes - necessities. Although denotatively wrong, disposable income is commonly used to denote discretionary income.
What is the different between disposable income and discretionary income?
Formulas are: Disposable income = consumption expenditure + savings - support of others; Discretionary income = Gross income - taxes - necessities. Although denotatively wrong, disposable income is commonly used to denote discretionary income.
What is the difference between disposable income and discretionary income?
Formulas are: Disposable income = consumption expenditure + savings - support of others; Discretionary income = Gross income - taxes - necessities. Although denotatively wrong, disposable income is commonly used to denote discretionary income.
Would personal income disposable income or discretionary income be of the greatest interest to marketers?
Discretionary income, not personal income or disposable income, would be the greatest interest to marketers.
Why does Yd mean disposable income?
As you know Y stands for national income ( Y= C +G +I + nX ) , so Yd means disposable Income , where d stands for disposable
What is the difference between personal income and disposable income?
a
Does consumption equal disposable income plus savings?
no. however, disposable income minus consumptions equals savings
Which country has the highest per capita disposable income?
Saudi Arabia and the UAE have the highest disposable income in the world, averaging over $220,000. Source: http://www.arabianbusiness.com/496677-the-rise-of-disposable-income
