The table given below shows the values of different components of aggregate expenditure of an economy.The marginal propensity to consume (MPC) equals:
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Table 9.2
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(Trillions of Dollars)
Rea 1GDP(Y) 5.05.56.06.57.0 Net Taxe s (NT) 1.01.01.01.01.0 Disposab le Income (Y−NT) 4.04.55.05.56.0 Consumpti on (C) 3.94.34.75.15.5 Savin g (S) 0.10.20.30.40.5 Planned Investme nt (I) 1.01.01.01.01.0 Governme nt Purchases (G) 1.01.01.01.01.0 Net Export s (X− M) −0.7−0.7−0.7−0.7−0.7 Planned Aggregate Expenditures C+I+G+(X−M) 5.25.66.06.46.8
Understand the role of government agencies in protecting consumer rights and the specific functions of these agencies.
Understand the various elements of business activity and their interconnections.
Distinguish between tangible and intangible products.
Grasp the economic issues of supply and demand, including understanding limited resources.
Rewards
Positive outcomes or reinforcements that follow certain actions or behaviors, motivating individuals to repeat those actions.
Committed Relationship
A long-term relationship where the individuals involved agree to be emotionally and often legally connected to each other.
Erotic Plasticity
Erotic Plasticity refers to the degree to which an individual's sex drive can be shaped and altered by social, cultural, and situational factors.
Relationship Satisfaction
A measure of how pleased individuals are with various aspects of their personal relationships, including emotional, physical, and social dimensions.