The Database Management System (DBMS)serves as an Interface Between an Application

question 38

True/False

The database management system (DBMS)serves as an interface between an application program and a database.

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Definitions:

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.

Autonomous Consumption

The minimum amount that people will spend on the necessities of life.