Examlex
What is meant by a reversionary interest in a life estate?
Saving
The portion of income that is not spent on consumption but instead is set aside for future use or investment.
Disposable Income
Income left for households to direct into savings and spending after deductions of income taxes.
APC
APC, or Average Propensity to Consume, is the ratio of total consumption to total disposable income, indicating how much income is spent.
Induced Consumption
The portion of consumer spending that changes in response to changes in disposable income.
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