MPC stands for "marginal propensity to consume," which refers to a rise in consumer spending for every unit of income level achieved.
Marginal propensity to save (MPS) is the percentage of a person's income that they put away for savings for every unit that their income level rises.
Spending multiplier = Increase in income level for each unit increase in autonomous spending = 1/(1-MPC) = 1/MPS Spending multiplier = Increase in income level for each unit increase in autonomous expenditure. This is further explained below.
<h3>What is a multiplier?</h3>
Generally, the amount by which the return on investment is greater than the investment itself is referred to as the investment's return on investment (ROI).
In conclusion, Marginal propensity to save (MPS) is the percentage of a person's income that they put away for savings for every unit that their income level rises.
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The statement that is true of simon as an individual is; C: His annual deductible will be $800.
<h3>What is In-network Insurance?</h3>
For in - network insurance, we know the following facts;
- Charged a lower copayment rate after deductible.
- Incur a relatively low out-of-pocket amount.
- Have a relatively low annual deductible.
Now, in-network physicians help to reduce the cost of insurance to the individual and as a result, what is most likely going to happen is that Simon will have an annual deductible of $800 and is less likely that he will not pay anything after meeting this annual deductible.
The missing options are;
a. The cost of his annual physical will be 50% after deductible
b. The maximum amount that he can expect to pay out-of-pocket is $6,000.
c. His annual deductible will be $800.
d. Once he hits his annual deductible of $800, he will incur no additional costs for health care services for the rest of the calendar year.
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A financial goal that I have is to have a well-paying job as I get out of high school so I can afford to go to a University of my choice. This way I won't be in crippling debt and have to take out massive student loans. However, inflation as well as taxes will influence this. Income taxes will force me to have to give up some of my hard-earned money, which will significantly reduce the amount of money I actually make.
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