Examlex
Given the following code fragment and the input value of 2.0, what output is generated?
Float tax;
Float total;
Cout << "enter the cost of the item\n";
Cin >> total;
If total >= 3.0)
{
Tax = 0.10;
Cout << total + total * tax) << endl;
}
Else
{
Cout << total << endl;
}
Disposable Income
The amount of money available for savings or expenditure after all taxes and social security fees have been deducted.
Induced Consumption
Consumption that changes in response to changes in income or wealth, as opposed to autonomous consumption, which does not change when income changes.
Disposable Income
The amount of money that households have available for spending and saving after income taxes have been deducted.
Average Propensity
The average tendency of an entity (such as a household) to spend a portion of income; can pertain to consumption or saving.
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