Examlex
Which of the following factors is NOT included in the formula for computing total factor productivity?
APC (Average Propensity to Consume)
The fraction of income that is spent on consumption as opposed to savings.
Disposable Income
The amount of money available to households for making purchases and savings after the removal of income taxes.
Saving
The act of setting aside a portion of current income for future use, or the portion of income not spent on current expenditures.
MPC (Marginal Propensity to Consume)
The proportion of additional income that is spent on consumption.
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