Examlex
Use the pH scale to answer the question.
-What is the pH of a solution with a hydrogen ion concentration of 0.001 mole per liter? Is this solution an acid or a base?
Disposable Income
The amount of money that households have available for spending and saving after income taxes have been taken out.
Consumption Spending
Expenditures by households on goods and services, excluding purchases of new housing, and a major component of GDP.
Consumption Function
A representation in economics indicating the relationship between total consumer expenditures and household income levels.
Interest Rate
The cost of borrowing money or the return on savings, expressed as a percentage, influencing economic activity by affecting spending and investment decisions.
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