Examlex
List and describe two unusual hotels found in the world.
Consumption Function
A financial equation that illustrates the correlation between overall consumption and the gross national income.
Aggregate Income
The total income earned by all individuals or entities in an economy, including wages, profits, rents, and investment income, before taxes.
Aggregate Income
The total amount of income generated by all individuals and entities within an economy over a specific time period.
Consumption Function
An economic formula that expresses the relationship between total consumption and gross national income, positing that people increase their consumption as income rises, but not necessarily by the same amount.
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