Sump example sentences

On the assumption that the earth was round, Christopher Columbus, an Italian, decided to sail westwards across the Atlantic Ocean to find a route to India.But the tax increase only enters the multiplier process when the cut in disposable income reduces consumption by c times the reduction in taxes.Shrubs, farm waste, animal and human waste are used to produce biogas for domestic consumption in rural areas.We may point out that the final expenditure incurred by the government includes both the consumption and investment expenditure (d) the export revenues that firm i earns by selling its goods and services abroad.A person is considered poor if his or her income or consumption level falls below a given “minimum level” necessary to fulfill basic needs.With an mpc greater than zero, a proportion of the induced effect on consumption will be a demand for foreign, not domestic goods.Of the final goods, we can distinguish between consumption goods and capital goods.We find that output increases by exactly the amount of increased G with no induced consumption spending due to increase in taxes.Consumption goods sustain the basic objective of any economy – the need to consume.In fact, in some cases, these may be more important than more income or more consumption because material goods are not all that you need to live.Thus, with a ?T reduction in taxes, consumption, and hence total spending, increases in the first instance by c?T.There is no leakage from the system – there is no difference between the amount that the firms had distributed in the form of factor payments (which is the sum total of remunerations earned by the four factors of production) and the aggregate consumption expenditure that they receive as sales revenue.But irrational consumption and over-utilisation of resources may lead to socio-economic and environmental problems.Given a stock of capital goods with which production commences in a year, of the total output produced at the end of the year, if more of capital goods are produced then less of consumption goods are produced.But as human societies advance and progress, their consumption needs become much more wide ranging and complex.