A Geologist's Compass Differs from the More Widely Known Orienteering

question 40

Multiple Choice

A geologist's compass differs from the more widely known orienteering compass in that the geologist's compass ________.

• A) possesses an inclinometer,allowing the user to measure dip and plunge angles
• B) contains a barometer that warns the geologist of approaching storms
• C) can chemically analyze rock samples in the field
• D) needle points directly toward geographic north rather than geomagnetic north

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Definitions:

Autonomous Consumption

The level of spending on goods and services that occurs even when income is zero, representing non-discretionary, baseline consumption.

Disposable Income

The financial stipend available to households for spending and saving endeavors after income taxes are considered.

Autonomous Consumption

The level of consumption expenditure that occurs when income levels are zero, reflecting the basic level of consumption that does not depend on current income.

APS

An acronym for Average Propensity to Save, which is the ratio of savings to the total net disposable income.