Consumption Sector Of The GDP - Basic Economic Lecture Notes
This set of class notes tackles the first of the four sectors of GDP, the consumption sector. Topics covered in this include; consumption function, savings, Average Propensity to Consume (APC), Average Propensity To Save (APS), Marginal Propensity to Consume (MPC), Marginal Propensity To Save (MPS), Autonomous & Induced Consumption, and Permanent Income Hypothesis. Definitions and equations for each of these topics are also provided in each section.
Geschreven voor
- Instelling
- Florida Institute Of Technology
- Vak
- BUS 1301 Basic Economics (BUS1301)
Documentinformatie
- Geüpload op
- 10 januari 2022
- Aantal pagina's
- 5
- Geschreven in
- 2015/2016
- Type
- College aantekeningen
- Docent(en)
- Fuller
- Bevat
- Alle colleges
Onderwerpen
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four sectors of gdp
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gdp
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gross domestics product
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consumption sector
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consumption
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apc
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savings
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aps
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mpc
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marginal prop
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average propensity to consume
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average propensity to save
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marginal propensity to consume
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