Examlex
The rotational velocity of a 45 rev/min phonograph record in rad/s is approximately
Induced Consumption
Consumer spending that increases as income rises, and decreases when income falls, reflecting a direct relationship between income and consumption.
Consumption Function
An economic formula that represents the relationship between total consumption and gross national income.
Annual Consumption
The total amount of goods and services used or consumed by individuals or groups within a one-year period.
Disposable Income
Disposable income refers to the amount of money that households have available for spending and saving after income taxes have been accounted for.
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