Principal of economics key formals for chapter 10 and 12
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Last updated 8:17 PM on 11/19/24
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10 Terms
1
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Consumption spending
= (Income-break even) • MPC + break even
2
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Savings =
Income- consumption spending
3
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Money multipler
1/1-MPC or 1/MPS
4
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Expected rate of return=
Increased in profit- cost/ Cost • 100 ( similar to New-old/old•100)
5
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Real interest rate =
Nominal interest rates - inflation
6
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MPC + MPS =
1
7
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MPS=
Saving2-saving1/disposal income2- disposal income1 (s2-s1/Di2-Di1)
8
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APS + APC=
1
9
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APS
Savings/ Disposable income ( S/DI)
10
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APC
consumption/ disposable income (C/ DI)
Note 
Flashcards (20)