How Does Analog Data Differ from Digital Data

question 12

Short Answer

How does analog data differ from digital data?

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Definitions:

Consumption

The total value of goods and services consumed by households and government within a country.

Disposable Income

The budget left for household savings and spending after the deduction of income taxes.

Autonomous Consumption

The level of consumption that occurs when income is zero, representing basic necessities that individuals will purchase regardless of their income.

APC

It is defined as the proportion of income that goes into consumption expenses, termed as the Average Propensity to Consume.