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What was the unemployment rate in 2004 in Table 6.1? Table 6.1
Marginal Propensity
The tendency of a person to spend an additional unit of currency; often relates to income in the context of marginal propensity to consume or save.
Simple Multiplier
The ratio used to estimate the proportional amount of increase, or decrease, in final income that results from an injection, or withdrawal, of spending.
Marginal Propensity
The rate at which an individual, household, or economy is likely to consume (or save) with respect to an incremental increase in income.
Multiplier
An economic factor that quantifies the impact of increased spending in the economy, leading to a proportional increase in income and consumption.
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