Class notes
Consumption Sector Of The GDP - Basic Economic Lecture Notes
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Uploaded on
10-01-2022
Written in
2015/2016
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.
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Institution
Florida Institute Of Technology
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Document information
- Uploaded on
- January 10, 2022
- Number of pages
- 5
- Written in
- 2015/2016
- Type
- Class notes
- Professor(s)
- Fuller
- Contains
- All classes
Subjects
- four sectors of gdp
- gdp
- gross domestics product
- consumption sector
- consumption
- apc
- savings
-
aps
-
mpc
-
marginal prop
-
average propensity to consume
-
average propensity to save
-
marginal propensity to consume
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