Examlex
____________________ is a network technology that defines how messages are routed from one end of a network to the other, ensuring the data arrives correctly by dividing it into packets.
Consumption Function
An economic formula that expresses the relationship between total consumption and gross national income, indicating how much households are likely to spend.
Disposable Income
Disposable income refers to the amount of money individuals or households have available to spend or save after income taxes are deducted.
Marginal Propensity
The ratio of change in an economic variable (e.g., consumption, saving) to a change in another economic variable (e.g., income).
Disposable Income
Post-tax income that households can allocate towards savings and expenses.
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