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What are the three types of defined contribution plans?
Aggregate Consumption
The total amount of goods and services consumed in an economy over a specific time period.
Consumption Function
A formula in economics that depicts the correlation between overall consumption and the gross national income.
Aggregate Income
The total sum of income earned by individuals and businesses in an economy over a specified period.
Aggregate Consumption
This refers to the total amount of goods and services consumed by a population or economy over a certain period.
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