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Research indicates that there are negative effects on cognitive development at 15 months to 3 years when mothers work more than 30 hours a week.
Aggregate Income
The total amount of income generated by all individuals and entities within an economy over a specific time period.
Consumption Function
An economic formula that expresses the relationship between total consumption and gross national income, positing that people increase their consumption as income rises, but not necessarily by the same amount.
Aggregate Income
The total income earned by all individuals in an economy from all sources, including wages, rental income, and investment income, during a given time period.
Aggregate Consumption
The total amount of goods and services consumed in an economy over a specific time period.
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