Use the Rule for Order of Operations to Simplify the Expression

question 40

Short Answer

Use the rule for order of operations to simplify the expression as much as possible.

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Definitions:

Consumption

The use of goods and services by households; an economic activity that represents spending by consumers.

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.