A Network Between Mars and the Earth Would Be a ________

question 51

Multiple Choice

A network between Mars and the Earth would be a ________.

• A) LAN
• B) MAN
• C) PAN
• D) WAN

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Definitions:

Consumption Function

An economic formula representing the relationship between total consumption and gross national income.

Income Rises

An increase in the amount of money received by households or individuals over a period of time.

Level Of Consumption

The total amount of goods and services consumed by households over a certain period.

MPC

Marginal Propensity to Consume, which is the proportion of an increase in income that gets spent on consumption.