Examlex
By definition, which term best characterizes a project?
APS
Assumes "APS" refers to "Average Propensity to Save," which is the proportion of total income or output that is saved rather than spent on consumption.
Induced Consumption
Refers to the portion of consumer spending that increases or decreases in response to changes in income.
Disposable Income
The pot of funds households have at their disposal for saving and spending, post-income tax.
MPC
refers to the Marginal Propensity to Consume, which is the fraction of additional income that a household spends on consumption.
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