Examlex
The percentage of an additional dollar that is paid in tax is called
Consumer Spending
The total amount of money spent by households and individuals in an economy on goods and services, an important indicator of economic health.
Consumption Expenditures
The total amount of money spent by households and individuals on goods and services for personal use.
Circular Flow Diagram
A visual model of the economy that shows how dollars flow through markets among households and firms.
Households
Economic units that consist of all individuals who live together in one dwelling, making joint decisions about consumption and labor.
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