yes
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.
If a household has more income, they can now afford to buy more goods and services. Therefore, spending will increase and demand increases.
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.
Median household income, 2008$65,304 In 2008 the median household income of Massachusetts was $65,304.
Median Household Income 1931
Household income frequency refers to how often a household earns income, such as monthly, bi-weekly, or annually. Understanding the frequency of household income is important for budgeting and financial planning purposes.
gross household income is how much money everyone in your "household" brings home after taxes.
You calculate the income for each household. This is the sum of the incomes of all members of the household. The median is the value of household income such that 50% of households have a higher income and 50% have a lower income.
Net Household Income After-Tax Income is actually a common term as well.
Per capita household income ($) Somalia 226
The average household income in Connecticut is around $78,833.