Flexible spending account limits govern the amount of tax-free money a person can contribute to cover medical expenses not covered by insurance. Employers set maximum limits subject to change, and there are regulations about how the money can be used. Unused funds are forfeited at the end of the tax year. Flexible spending account limits […]
Spending models predict changes in consumer behavior in an economy. Aggregate spending measures an economy’s output, while the income approach measures employee wages, corporate profits, rents, and interest. The aggregate demand-aggregate supply model uses aggregate spending components and specific measures to produce two curves representing supply and demand. The model can be used for both […]
Tracking your spending helps you stay aware of your finances and stick to a budget. Automatic tracking software is available for free, or you can track by hand. Consistency is key, and tracking can help catch mistakes and achieve financial goals. One of the main benefits of tracking your spending is always being aware of […]
Aggregate spending and aggregate demand estimate national income. Both consider consumption, investment, government expenditure, and net foreign-factor receipts. Aggregate demand is sensitive to inflation, while aggregate spending responds to current and projected incomes. Both are important for policy makers and business planners to predict the direction of GDP. Aggregate spending and aggregate demand are macroeconomic […]
- 1
- 2
