Examlex
Why are reliability and validity desirable characteristics of a personality test?
APS
Automatic positioning system; however, in an economic context, it often refers to the Average Propensity to Save, indicating the proportion of income that is saved rather than spent.
Saving
The portion of income not spent on immediate consumption but set aside for future use, typically in bank accounts, investments, or other forms of financial savings.
Disposable Income
The spending and saving financial capacity of households after deductions for income taxes.
MPC
Marginal Propensity to Consume - the proportion of any additional income that is spent on consumption rather than being saved.
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