Examlex
A parameter and statistic can be used interchangeably.
Aggregate Income
The total income earned by all individuals within an economy, including wages, profits, and other earnings.
Consumption Function
A formula in economics showing how total consumption is related to the gross national income.
Aggregate Income
The total income earned by individuals and businesses in an economy over a specific period, before taxes.
Aggregate Income
The total amount of income earned by individuals and businesses within an economy.
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