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Mickey is about to take his psychology finals.Just before the exam,the person sitting next to him asks him the name of the physiologist who worked on classical conditioning.Mickey suddenly realizes that he cannot quite remember the name,but he knows that it starts with a P and is two syllables long.Mickey is experiencing:
Trade Surpluses
A situation where a country exports more than it imports, resulting in a positive balance of trade.
Gross Saving Rate
The proportion of total national income that is not spent on consumption or taxes, indicating the amount saved.
Gross National Income
An economic metric that totals the domestic and foreign output of residents of a country, including product taxes and minus subsidies not included in the valuation of output.
APC
Average Propensity to Consume, which measures the fraction of income spent on consumption out of the total income.
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