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EXCHANGE RATES, AGGREGATE DEMAND DETERMINANT: One of several specific aggregate demand determinants assumed constant when the aggregate demand curve is constructed, and that shifts the aggregate demand curve when it changes. An increase in exchanges rates causes an increase (rightward shift) of the aggregate curve. A decrease in the exchanges rates causes a decrease (leftward shift) of the aggregate curve. Other notable aggregate demand determinants include interest rates, the money supply, inflationary expectations, consumer confidence, and the federal deficit.
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                           INCOME RECEIVED BUT NOT EARNED: The three types of income received but not earned (IRBNE) are Social Security payments, unemployment compensation payments, and welfare payments. These are three key transfer payments from the government sector to the household sector. The basic goal of transfer payments is to transfer a portion of the income earned by the factors of production (because they HAVE income) to other members of the household sector (who presumably NEED more income than they have). IRBNE is added to national income to derive personal income. Income received but not earned (IRBNE) is income that members of the household sector have NOT rightfully "earned" by contributing to the production of gross domestic product. Members of the household sector receive this income as transfer payments from the government sector.- Social Security Payments: Social Security payments are the other side of the Social Security system. These are payments made to qualifying elderly and disabled members of the household sector. Because the payments are NOT received as a result of any current productive activity they are income received, but not earned.
- Unemployment Compensation Payments: Unemployment compensation payments are transfer payments from the government sector to unemployed members of the household sector. Unemployment compensation payments are NOT received as a result of any current productive activity. They are income received, but not earned.
- Welfare Payments: Welfare payments are transfer payments from the government sector to poor members of the household sector. Welfare payments are NOT received as a result of any current productive activity. They are income received, but not earned.
Recommended Citation:INCOME RECEIVED BUT NOT EARNED, AmosWEB Encyclonomic WEB*pedia, http://www.AmosWEB.com, AmosWEB LLC, 2000-2026. [Accessed: June 16, 2026].
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Today, you are likely to spend a great deal of time looking for the new strip mall out on the highway trying to buy either a birthday greeting card for your uncle or a T-shirt commemorating the 2000 Presidential election. Be on the lookout for the happiest person in the room.
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In the Middle Ages, pepper was used for bartering, and it was often more valuable and stable in value than gold.
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