The formula to calculate the Aggregate Cost (AC) is:
\[ AC = EI - GI \]
Where:
Let's say the total economic income (\( EI \)) is $500,000 and the government income and subsidies (\( GI \)) is $150,000. Using the formula:
\[ AC = 500,000 - 150,000 \]
We get:
\[ AC = 350,000 \text{ dollars} \]
So, the Aggregate Cost (\( AC \)) is $350,000.
Aggregate cost refers to the total cost incurred by an entity, taking into account both the total economic income and the government income and subsidies. It is calculated by subtracting the government income and subsidies from the total economic income. This measure is important for understanding the net cost or expenditure of an entity.
Definition: An aggregate calculator helps determine the amount of aggregate needed for a project.
Formula: \( \text{Aggregate Amount} = \text{Volume} \times \text{Density} \)
Example: \( \text{Aggregate Amount} = 10 \times 2.5 \)
Definition: Calculating aggregate involves determining the total amount of aggregate needed for a project.
Formula: \( \text{Aggregate Amount} = \text{Volume} \times \text{Density} \)
Example: \( \text{Aggregate Amount} = 15 \times 2.8 \)
Definition: An aggregate calculator for concrete helps determine the amount of aggregate needed for a concrete mix.
Formula: \( \text{Aggregate Amount} = \text{Volume} \times \text{Density} \)
Example: \( \text{Aggregate Amount} = 20 \times 2.6 \)
Definition: Calculating the aggregate rate involves determining the rate at which aggregate is used or needed.
Formula: \( \text{Aggregate Rate} = \frac{\text{Aggregate Amount}}{\text{Time}} \)
Example: \( \text{Aggregate Rate} = \frac{50}{5} \)
Definition: Calculating the aggregate price level involves determining the overall price level of aggregate materials.
Formula: \( \text{Aggregate Price Level} = \frac{\text{Total Cost}}{\text{Total Quantity}} \)
Example: \( \text{Aggregate Price Level} = \frac{500}{25} \)
Definition: Calculating an aggregate average involves determining the average value of a set of aggregate data.
Formula: \( \text{Aggregate Average} = \frac{\sum x_i}{n} \)
Example: \( \text{Aggregate Average} = \frac{10 + 20 + 30}{3} \)