Examlex

Solved

Which of the Following Functions Do Cost/benefit Models

question 22

Multiple Choice

Which of the following functions do cost/benefit models?


Definitions:

MPS

Stands for Marginal Propensity to Save, which is the ratio of the change in savings to the change in disposable income. It indicates how much of an additional income unit is saved rather than spent.

Capacity Utilization Rate

The percentage of an industry or economy's total potential output that is actually being realized at a given time.

Great Recession

A significant global economic downturn that took place approximately from 2007 to 2009, deeply affecting the world economy.

Capacity Utilization Rate

The capacity utilization rate measures the proportion of potential economic output that is actually realized, displayed as a percentage.

Related Questions