Examlex
According to the introduction of the chapter on imagery,
MPC
Marginal Propensity to Consume, which indicates the proportion of additional income that a household is likely to spend on consumption rather than saving.
Disposable Income
The capital available to households for deploying into savings and spending post-tax.
Consumption
The act of using goods and services by households that leads to a decrease in their stock.
Disposable Income
Budget available for households to direct towards saving and spending post-income tax assessment.
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