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Projective Instruments Were Originally Developed in a Spirit of Rebellion

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Projective instruments were originally developed in a spirit of rebellion against norm-referenced instruments.Today,projective instruments are


Definitions:

Disposable Income

The amount households can devote to saving and spending once income taxes have been factored in.

Savings

The portion of disposable income not spent on consumption of consumer goods but accumulated or invested.

Disposable Income

The financial surplus households hold for spending and saving after income taxes have been applied.

Savings

Money that is put aside for future use rather than spent immediately.

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