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Different between consumption and consumption function?
The difference between consumption and consumption function is that the consumption function is a formula that measures consumer spending.
What is the difference between cheap and frugal?
cheap is when something is not expensive. frugal is to be wise and wary of over spending on something.
What is the relationship between spending and GDP?
The relationship between spending and GDP is that spending contributes to the overall GDP of a country. When individuals, businesses, and the government spend money on goods and services, it stimulates economic activity and helps to increase the GDP. Higher levels of spending typically lead to higher GDP growth, while lower levels of spending can result in slower economic growth.
Why does investment spending rise and fall with the overall level of GDP?
a good indicator is the business cycle diagram and the difference between real GDP and trend rate( which the g'ment is targeting) if real is below trend it is a good indicator that the economy is in a recession. Because this is the case firms are less likely to be spending on capital goods aka. investment spending. They may decide to fix current capital goods.
What is a gap or shortfall between income and outgo or spending called?
a profit
