Some Smartphones Can Function as a Wireless Modem, Called a Mobile

question 39

True/False

Some smartphones can function as a wireless modem, called a mobile hot spot, when tethered to a personal computer.

---

Definitions:

Consumption Function

An economic formula representing the relationship between total consumption and gross national income, depicting how income changes affect spending levels.

Aggregate Income

The total income received by all factors of production in an economy during a given period, including wages, rents, and profits.

Aggregate Income

The total income earned by all individuals or entities in an economy, including wages, profits, rents, and investment earnings.

Consumption Function

An economic equation that links the total consumption to the gross national income.