The income expenditure model of economics was developed by John Maynard Keynes to explain fluctuations in production of goods and services and spending. The model basically states that we produce as ...

In 2024, the nationwide per capita disposable income was 41,314 yuan, a nominal increase of 5.3 percent over the previous year, and the real increase of 5.1 percent after deducting price factor. In ...

In macroeconomics, there are two types of expenditures that factor into the equation to determine equilibrium gross national product. The first is autonomous expenditures that fall outside our ...