Examlex
In the context of the AIM planning process,which of the following tends to be the single most important planning step?
Gross National Income
An economic metric that totals the domestic and foreign output of residents of a country, including product taxes and minus subsidies not included in the valuation of output.
APC
Average Propensity to Consume, which measures the fraction of income spent on consumption out of the total income.
Disposable Income
Financial endowment to households for the purpose of spending and saving after mandatory tax deductions.
Consumption
The use of goods and services by households. It represents the end-use of products and is a primary component of aggregate demand in an economy.
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