THe household-consumption sector
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| Gross domestic product (GDP) | show 🗑
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| What are the three main sectors of GDP | show 🗑
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| show | as income rises, consumption rises, but not as quickly. A theory by John Maynard Keynes
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| Average propensity to consume (APC) | show 🗑
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| Average propensity to save (APS) | show 🗑
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| show | the change in consumption divided by change in income
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| show | is change in saving divided by change in income
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| dissaving | show 🗑
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| show | states that as income rises, saving rises, but not as quickly
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| Autonomous consumption | show 🗑
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| show | is spending induced by changes in the level of income
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| what happens to induced consumption when consumption rises? falls? | show 🗑
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| consumption divides into three categories | show 🗑
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| 8 basic determinants of the level of consumption | show 🗑
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| conspicuous consumption | show 🗑
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Created by:
ltameirao
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