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John Locke
-In regards to innate principles in the mind,Locke says
Income
Income earned, particularly in a consistent manner, from labor or investment returns.
U.S. Exports
Goods and services produced in the United States and sold to other countries.
Aggregate Expenditure Line
A relationship tracing, for a given price level, spending at each level of income, or real GDP; the total of C + I + G + (X - M) at each level of income, or real GDP.
Marginal Propensity
The ratio of the change in consumption to the change in income, indicating how much consumption will change with a change in income.
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