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What is a typical time- step for a numerical weather model?
Disposable Income
The pool of funds households have for saving and spending pursuits after income taxes are factored out.
Consumption
The use of goods and services by households, constituting a major part of the economy's total output.
Permanent Income Hypothesis
A theory proposed by Milton Friedman suggesting that an individual's consumer behavior is determined by their long-term income expectations rather than their current income.
Services
Intangible products offered to consumers and other businesses, such as banking, education, and healthcare, which unlike goods, are not physical objects.
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