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Columbus was looking for a shorter and safer route to India.
Consumption Function
An economic formula that represents the relationship between total consumption and gross national income.
Disposable Income
The financial resources families have for expenditures and savings after income taxes are removed.
Disposable Income
The total funds available to families for spending and saving after subtracting income tax.
Transfer Payments
Payments made by governments to individuals without any expectation of a good or service in return, such as welfare or unemployment benefits.
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