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PI: The abbreviation for personal income, which is the total income received by the members of the domestic household sector, which may or may not be earned from productive activities during a given period of time, usually one year. Personal income is one of three measures of income reported quarterly (every three months) in the National Income and Product Accounts maintained by the Bureau of Economic Analysis.
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GOVERNMENT PURCHASES DETERMINANTS: Ceteris paribus factors, other than aggregate income or production, that are held constant when the government purchases line is constructed and which cause the government purchases line to shift when they change. Some of the more important government purchases determinants are fiscal policy and politics. See also | government purchases line | aggregate expenditures determinants | consumption expenditures determinants | investment expenditures determinants | net exports determinants | slope, government purchases line | intercept, government purchases line | induced government purchases | autonomous government purchases | induced expenditures | autonomous expenditures | government expenditures | government purchases | Keynesian economics | macroeconomics | government sector | national income | gross domestic product | determinants | business cycles | circular flow | interest rates, aggregate expenditures determinant | financial wealth, aggregate expenditures determinant | physical wealth, aggregate expenditures determinant | consumer confidence, aggregate expenditures determinant | inflationary expectations, aggregate expenditures determinant | federal deficit, aggregate expenditures determinant | exchange rates, aggregate expenditures determinant | technology, aggregate expenditures determinant | Keynesian model | Keynesian equilibrium | injections-leakages model | aggregate demand | aggregate demand determinants | fiscal policy | multiplier |
Recommended Citation:GOVERNMENT PURCHASES DETERMINANTS, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2024. [Accessed: May 1, 2024].
AmosWEB Encyclonomic WEB*pedia:Additional information on this term can be found at: WEB*pedia: government purchases determinants
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LONG-RUN PRODUCTION ANALYSIS An analysis of the production decision made by a firm in the long run. The central characteristic of long-run production analysis is that all inputs under the control of the firm are variable. The central principle guiding production in the long run is returns to scale, which indicates how production responds to proportional changes in all inputs. A contrasting analysis is short-run production analysis.
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Today, you are likely to spend a great deal of time browsing through a long list of dot com websites looking to buy either a 200-foot blue garden hose or a video camera with stop action features. Be on the lookout for slightly overweight pizza delivery guys.
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The standard "debt" notation I.O.U. does not mean "I owe you," but actually stands for "I owe unto..."
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