Examlex
Studies suggest that being raised in a high socioeconomic status (SES) instead of a low SES family is worth between _____ IQ points.
Consumption Function
An economic formula that expresses the relationship between total consumption and gross national income.
Price Level
An index that measures the average of prices for goods and services in an economy over a period, often used to assess inflation or deflation.
Disposable Income
The leftover money for households to use in savings and for buying things, once income taxes have been considered.
Consumption Function
An economic formula that represents the relationship between total consumption and gross national income, indicating how changes in income affect spending.
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