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The intensity of solar radiation near the earth is 1.4 kW/m2. What force is exerted by solar radiation impinging normally on a 5.0 m2 perfectly reflecting panel of an artificial satellite orbiting the earth? (c = 3.00 × 108 m/s, μ0 = 4π × 10-7 T ∙ m/A, ε0 = 8.85 × 10-12 C2/N ∙ m2)
Disposable Income
The amount of money left for spending and saving after income taxes have been deducted.
Autonomous Consumption
The level of consumption that does not change with fluctuation in income; it is the consumption level when income is zero.
Consumption
The use of goods and services by households, representing one of the primary components of gross domestic product (GDP).
Disposable Income
The aggregate financial resource for households to allocate towards spending and saving after mitigating income taxes.
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