Sentence examples for function of income from inspiring English sources
Class is nowadays basically a function of income.
The value-added tax is a function of income — the poor and the sick would pay much less.
In Keynes' model, saving was a positive function of income, and, from both cross-section studies and casual empiricism, it was obvious that the savings ratio rose as income increased.
By Oprah's definition he would be middle-class, though his appearances in Tatler's bystander section suggests otherwise.Is social class in the US really just a function of income rather than family background?
Thus, FDI is an increasing function of income variables.
We therefore model utility as a function of income (rather than consumption).
To the extent that food security is a function of incomes and the ability to secure sufficient food through monetary means, then food security depends on trade outside agriculture as well as on trade in agricultural products.
It is found that aspiration income is a positive function of actual income and reference income, and that subjective well-being is raised by actual income but lowered by aspiration income.
A key challenge is how to deal with the fact that the net replacement rate ρ i and the tax progressivity variable μ i for the individual are functions of income (and thus the wage rate) and therefore endogenous.
An EMA that endogenizes price (or cost) mechanisms is available by incorporating the functions of income transfers between institutional sectors, especially central and regional governments, and the decision making of shippers and transport companies who use transportation and commercial services in SCGE.
