If Either a or B Must Occur They Are Called

question 101

True/False

If either A or B must occur they are called collectively exhaustive.

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Definitions:

APC

Acronym generally referring to the Average Propensity to Consume, which is the fraction of income spent on consumption.

Disposable Income

The fiscal potential for households to undertake spending and saving after income tax considerations.

Consumption

The process of using goods and services by households or individuals, contributing to overall economic activity.

Disposable Income

The amount of money individuals or households have available for spending and saving after income taxes have been deducted.