Income and Expenditure - Consumer Spending - Current Disposable Income and Consumer Spending
7 important questions on Income and Expenditure - Consumer Spending - Current Disposable Income and Consumer Spending
What is the equation that represents the relationship between disposable income and consumer spending. And what is its formula?
C=ac+ MPC*yd
where
the lower case indicated that it is for an individual houseld
C is the individual consumer spending
ac is the autonomous consumer spending and ac is greater than zero
yd is the individual household disposable income
Why do assume that autonomous consumer spending as greater than zero even though there is expenditure?
Cahnge in consupmtion foor an individual household formula?
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What is the slope of a consumption function
it is upward sloping?
Why is the consumption function upward sloping
What is the Macroeconomic realtionship between disposable income and consumer spending
How does the aggregate consumption function differe from the normal consumption function? Formula?
C= AC +MPC* YD
where
the UPPER case indicated that it is for the whole economy
C is the aggregate consumer spending
AC is the autonomous consumer spending and AC is greater than zero or the amount of consumer spending when YD =0
YD is the aggregate disposable income
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