Examlex
Find the sum.
Consumption
The use of goods and services by households or individuals, typically referring to the final use that directly satisfies human needs or wants.
Disposable Income
Money freed up for households to allocate towards savings and spending after income tax removal.
Induced Consumption
The portion of consumer spending that rises when disposable income rises and falls when disposable income decreases.
Autonomous Consumption
The minimum level of spending that must occur, even if a household has no income.
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