| 单词 | income expansion path |
| 释义 | income expansion path A graph showing how income is divided between different uses, for example importables and exportables, as its total level rises. With unit income elasticity of demand for each, the income expansion path is a ray through the origin; if consumption is biased towards importables as income rises, the income expansion path has a slope between a ray through the origin and the importables axis. |
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