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Social > Social Identification > Flashcards

Social Identification Flashcards

1
Q

The formula in computing the APC

A

C/Y

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2
Q

The formula in getting the MPS

A

🔺️S/🔺️Y

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3
Q

It symbolises the income

A

Y

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4
Q

When Y = C what happens to S?

A

0

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5
Q

The formula in computing APS

A

S/Y

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6
Q

It shows the relation between increase and income and increase in consumption

A

APC

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7
Q

The formula for computing MPC

A

🔺️C/🔺️Y

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8
Q

It is the change in income that the household consumes rather than save

A

MPC

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9
Q

It is a vital instrument used in describeing the economy

A

CPI

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10
Q

It is selling of a products and services to other countries

A

Export

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11
Q

It collect taxes and act as consumer and supplier of goods and services and factors of production

A

Government

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12
Q

It is the money received the payment for the produce goods and services

A

Income

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13
Q

It transacts and deal with all sectors in the economy

A

Foreign sectors

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14
Q

It refers to the total market value of all the final goods and services produced in the country for a given period of time

A

GNP/GNI

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15
Q

It is the total market value of goods and services produced within the country in a given period of time

A

GDP

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16
Q

Value of goods and services prevailing in the market

A

Market value

17
Q

It refers to the total production of the country based on the prevailing price in the market

A

Nominal GNP/GNI

18
Q

Good and services which has to be processed become finished products or considered final goods

A

Intermediate goods

19
Q

It is the income received by the household before the taxes are deducted

A

Personal income

20
Q

Decrease in supply of goods and services

A

The cost of production is high

21
Q

Price will be manipulated

A

Middleman

22
Q

Price is manipulated and controlled by few individuals

A

Existence of cartel

23
Q

The amount is not utilised for the development of the industries

A

Loan payment

24
Q

Oversupply of imported goods

A

There is import dependance

25
Q

Lack of supply for local consumption

A

Expert orientation

Social (3 decks)

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