Examlex
______ tells researchers how well they can predict the value of the dependent variable based on the independent variables they have included.
Average Propensity
The ratio of total consumption to total income, indicating the average tendency of consumers to spend their income.
Disposable Income
Net pay after taxes and other deductions, available for spending, saving, or investment.
Consumption
The utilization of products and services by families.
Marginal Propensity
The ratio of the change in an economic variable, such as consumption or saving, to the change in another, typically income.
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