Economic Glossary | Consumption | Bankers Algo
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-by Albert Einstein

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4, 6, 12, 14, 28, 30, ?

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Economic Glossary

    Consumption

In macroeconomics, the total spending, by individuals or a nation, on consumer goods during a given period.  Strictly speaking, consumption should apply only to those goods totally used, enjoyed, or "eaten up" within that period.  In practice, consumption expenditures include all consumer goods bought, many of which last well beyond the period in question --e.g., furniture, clothing, and automobiles


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Banker's Algo Daily Dose

Word of the day

Avocation(n)

Meaning:

Something a person does in addition to a principal occupation, especially for pleasure, hobby

Synonyms: amusement, diversion, occupation, pastime

Antonyms: profession, vocation, work

Apti Question of The day

Question

A and B enter in to a partnership and A invested Rs. 10,000 in the partnership. At the end of 4 months he withdraws Rs. 2000. At the end of another 5 months, he withdraws another Rs. 3000. If B receives Rs. 9600 as his share of the total profit of Rs. 19,100 for the year, how much did B invested in the company?

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