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What else can I help you with?
Does the spending of firms represents household income?
yes
How can one determine the spending multiplier in an economic model?
To determine the spending multiplier in an economic model, you can use the formula: Spending Multiplier 1 / (1 - Marginal Propensity to Consume). The Marginal Propensity to Consume is the proportion of additional income that a person or household spends rather than saves. By calculating this value, you can find out how changes in spending will impact the overall economy.
Why increasing in income raising the demand?
If a household has more income, they can now afford to buy more goods and services. Therefore, spending will increase and demand increases.
When calculating child support does the father add the mothers income to his then pay the mother 26percent to her?
No. If you are not married you pay child support to the custodial guardian, in this case the mother (?), and they take a 26% (?) out of your income to pay for the child. She is also already spending a % of her income. Since you are not married you do not share a income.
What is the median household income of Massachusetts?
Median household income, 2008$65,304 In 2008 the median household income of Massachusetts was $65,304.
What was US median household income in 1931?
Median Household Income 1931
What does household income frequency mean?
Household income frequency refers to how often a household earns income, such as monthly, bi-weekly, or annually. Understanding the frequency of household income is important for budgeting and financial planning purposes.
What type of income is the amount left all other obligations have been met?
The amount left after all other obligations have been met is referred to as "disposable income." This is the income available to an individual or household for spending and saving after taxes and essential expenses, such as housing, utilities, and food, have been deducted. Disposable income is crucial for determining financial well-being and consumer spending ability.
What is gross household income?
gross household income is how much money everyone in your "household" brings home after taxes.
What is median houshold income mean?
You calculate the income for each household. This is the sum of the incomes of all members of the household. The median is the value of household income such that 50% of households have a higher income and 50% have a lower income.
What is Household income after taxes called?
Net Household Income After-Tax Income is actually a common term as well.
What is the average household income in Somalia?
Per capita household income ($) Somalia 226
