Equations Flashcards
1
Q
Labour productivity
A
labour input
2
Q
Average Propensity to Consume (APC)
A
Disposable (after tax) income
3
Q
Average Propensity to Save (APS)
A
Disposable (after tax) income
4
Q
Marginal Propensity to consume (MPC)
A
Change in income
5
Q
Marginal Propensity to save (MPS)
A
Change in income
6
Q
Labour force particaption rate
A
Labour force
—————————– x 100%
Population aged 15+
7
Q
Unemployment rate
A
Number of persons unemployed 100
———————————————— x ——
total labour force 1
8
Q
Injections = leakages
A
S+T+M = I+G+X
