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What is the difference between a debit and credit memorandum?
Disposable Income
Money left after taxes and compulsory fees have been subtracted, which can be used for spending or saving according to personal preference.
Marginal Propensity
The additional amount that people consume or save when they receive an extra dollar of income.
Simple Spending Multiplier
A ratio that estimates the impact on aggregate output (or income) of a change in autonomous spending.
Net Taxes
The total taxes paid by an individual or business minus any government subsidies or refunds received.
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