Using the Accompanying Figure, Define a Flowchart and Discuss the Role

question 85

Essay

Using the accompanying figure, define a flowchart and discuss the role of flowcharting in developing a Web development design plan.

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Definitions:

Disposable Income

The amount of money individuals or households have available to spend or save after taxes have been accounted for.

Saving

The portion of income that is not spent on consumption but instead is set aside for future use or investment.

Disposable Income

Income left for households to direct into savings and spending after deductions of income taxes.

APC

APC, or Average Propensity to Consume, is the ratio of total consumption to total disposable income, indicating how much income is spent.