Examlex
MATCHING
Match each description with the item below.
-George Whitefield
APS
Average Propensity to Save; the fraction of total income that is saved by the economy or an individual at a certain time.
APC
Average Propensity to Consume, a statistical measure reflecting the percentage of income that is spent on goods and services as opposed to being saved.
Disposable Income
The amount of money a household has available for spending and saving after income taxes have been accounted for.
Induced Consumption
Spending induced by changes in the level of income.
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