|
MARGINAL PROPENSITY TO IMPORT: The proportion of each additional dollar of household income that is used for imports. Or alternatively, this is the change in imports due to a change in disposable income. Abbreviated MPI, the marginal propensity to import plays a minor role in modifying the aggregate expenditure line and the multiplier effect.
Visit the GLOSS*arama
|
|

|
|
Lesson 10: Gross Domestic Product | Unit 4: Measuring Income
|
Page: 20 of 25
|
Income earned by the factors of production that is not received by the households (IEBNR) is subtracted from national income to derive personal income.- Social Security taxes: This is income earned by workers for their production, but paid to the government and not received by households.
- Corporate profit taxes: Part if profit redirected to government.
- Undistributed corporate profits: Retained earnings kept by business for future capital investment.
- Workers, entrepreneurship and/or capital owners earn this income, but do not receive it.
|
|
|
|
|
|
AGGREGATE SUPPLY The total (or aggregate) real production of final goods and services available in the domestic economy at a range of price levels, during a given time period. Aggregate supply, usually abbreviated AS, is two different relations between price level and real production--long run and short run. With long-run aggregate supply, prices and wages are flexible and all markets are in equilibrium. With short-run aggregate supply some prices and wage are NOT flexible and some markets are NOT in equilibrium. This is one half of the AS-AD (aggregate market) analysis. The other half is aggregate demand.
Complete Entry | Visit the WEB*pedia |


|
|
BEIGE MUNDORTLE [What's This?]
Today, you are likely to spend a great deal of time waiting for visits from door-to-door solicitors seeking to buy either a computer that can play video games and burn DVDs or a black duffle bag with velcro closures. Be on the lookout for broken fingernail clippers. Your Complete Scope
This isn't me! What am I?
|
|
The earliest known use of paper currency was about 1270 in China during the rule of Kubla Khan.
|
|
"It is not because things are difficult that we do not dare; it is because we do not dare that they are difficult. " -- Seneca, statesman, dramatist, philosopher
|
|
SEHK Stock Exchange of Hong Kong
|
|
Tell us what you think about AmosWEB. Like what you see? Have suggestions for improvements? Let us know. Click the User Feedback link.
User Feedback
|

|