الفصل الثالث - الدخل والإنفاق -...

35
! " # $ % א( ) * + # $ א, - . / 102 א" # $ % א' $ ( ) : * + * , - . / א0 , א1 2 3 4 $ 5 0 # 1 2 3 א, 4 + 5 א, 6 # , 7 א" # $ % א' $ ( ) * + * , - . / א0 , א1 2 3 4 $ 5 6 7 $ ( 8 א9 : # ; $ ( א1 < = >

Transcript of الفصل الثالث - الدخل والإنفاق -...

Page 1: الفصل الثالث - الدخل والإنفاق - KSUfac.ksu.edu.sa/sites/default/files/lecture_3_10.pdf · 2018-09-29 · ) " ( ' &א" % $ # א" 7 5/6 − & 3 2 1 0 / . א-

102&/.-,א&$#+*()א&%$#"!

1234$5א&,0א/&.-&,*+*:()$'א&%$#"א7,6#,א&4+5,א0#123

&1234$5א&,0א/&.-&,*+*&()$'א&%$#"א <=>1א&)$;#:9א&8)67$

Page 2: الفصل الثالث - الدخل والإنفاق - KSUfac.ksu.edu.sa/sites/default/files/lecture_3_10.pdf · 2018-09-29 · ) " ( ' &א" % $ # א" 7 5/6 − & 3 2 1 0 / . א-

(")'"א&%$#"א456"א&23)1$*0א&/).-"א&,)+*

:A5B:@=1>?&<5=1>&;7&%$#"א&:א789.-,+*()'א&%$#"א•.%01/.()'א&%$#"א•.-2345א&%$#"א•.;א0:89%א6%7•

=8F$G%Hא=EBאA@B=CD=0@=?:%<א=>%()א 5I%:J=א'K)9%:=83אL-

Page 3: الفصل الثالث - الدخل والإنفاق - KSUfac.ksu.edu.sa/sites/default/files/lecture_3_10.pdf · 2018-09-29 · ) " ( ' &א" % $ # א" 7 5/6 − & 3 2 1 0 / . א-

(")'"א&%$#"א

*+,*-

:A4B;&)*,:@&8")?<א&98=א&>;):9"&678א4/"א&23/45א&0+1/.

#35"א'234"א'='01/*.-א','&+*()א'&%$#"א67'80'9:;<'=>

&A98"א&C)7#<א&=&8")?<א&98=א&>;):"אY = AD

Y= C + I + G + ( X – M )

DE678א4/"א&23/45א&א&.FGH&IJ&;46אB&א":K4LM&א"AN:OPא"Q3NR

'GH%0I"א'FCא01A'9B9C'=D'E)א'@0*?א 8J01K'#35"א'01/*.-א

Page 4: الفصل الثالث - الدخل والإنفاق - KSUfac.ksu.edu.sa/sites/default/files/lecture_3_10.pdf · 2018-09-29 · ) " ( ' &א" % $ # א" 7 5/6 − & 3 2 1 0 / . א-

(")'"א&%$#"א0123/.-א&,)#+*א

&1234$5א&,0א/&.-&,*+*&()$'א&%$#"א <=>1א&)$;#:9א&8)67$

.?-$1FאE;13אAB1CD@1#א?7"؟0123/.-א,)#+*)56$789א)4

:0123/.-א,)#+*אA%@?"א<9=>1;"א.GHI#"9אQET+*,6.6U,V,1א()$*QE:B;CDR5S,1אGHI*FJKL7$MNKLO6P#"9א1W1XT=YZ[6$\>]א^$()MN1א`א,_#"אF4$"a12אA*7abc>Md,e1אF4$"$]$14'אa1=#ZfJ^=gאhi3$B

.<GHj#"9א^L,&1אAj\(&9א:#;$(k&:,&Tl\`&[6$\>]א&m3n&א'U,V&12אA*o&p$&q3+&^=g&S*$()&1א,QE&א'#$r&b-$1#$1>&S*$()&

.k)$;#:9א&/$9S(cא&GHI.&Rb&:,&Tl\`&-Us=4a&^<F4a&D#"9א

Page 5: الفصل الثالث - الدخل والإنفاق - KSUfac.ksu.edu.sa/sites/default/files/lecture_3_10.pdf · 2018-09-29 · ) " ( ' &א" % $ # א" 7 5/6 − & 3 2 1 0 / . א-

(")'"א&%$#"א5/67−&0123/.-א&,)#+*א

&1234$5א&,0א/&.-&,*+*&()$'א&%$#"א <=>1א&)$;#:9א&8)67$

&HI,1אE@F>&G#"9א&9C3$Dא&A&-B:@?1א

J&א'K=<A&1א?L-4A&1אM?N(*A&1=3O)&6.

1969–2001P

HI,1א

Q<N*.&/RS&א'$T&1אU$-V

Page 6: الفصل الثالث - الدخل والإنفاق - KSUfac.ksu.edu.sa/sites/default/files/lecture_3_10.pdf · 2018-09-29 · ) " ( ' &א" % $ # א" 7 5/6 − & 3 2 1 0 / . א-

(")'"א&%$#"א0123−5/67/.-א&,)#+*א

&1234$5א&,0א/&.-&,*+*&()$'א&%$#"א <=>1א&)$;#:9א&8)67$

(Yd)b+a=C::01/.-א&9"א8

ل"ش) 2-3(:

ى(*(مكاله/سالا

Yd

)C( كاله/سالاC

)Yd( حا/6لا لخ4لا

+ = , + -(./)

C : :01/.-אa : )GH=I3J,1אBCDEF,6$*<@5#"9אA@#?6(3=)>;/"א:01/.-אb : Marginal Propensity to Consume (MPC) :AB"1./01@א%?<אYd : D)/<א%AC"א

/א,YאO4VWXH،)$;#:9אR$6STא3$P4Q'א,L,M1C"#BCD(-)6.NOא4H'א

6FZF[9א"#BCD،\*@]^6_,1#א/א`aT9א"#BCDEF,6$*#`a1א,GHb_,א/

\O,)\אO,).−O?$-4$c،d?#e4fgh$(4'אHאL,M1i"#BCD6.GCjא'k$(1S1#$14אS:

23+ = ∆+∆./ =

56 − 58./6 − ./8

= -BCD#"9א&a&T`1#א&/א,_6

l$#'א&GH,1א&a&T`1#א&/א,_6

Page 7: الفصل الثالث - الدخل والإنفاق - KSUfac.ksu.edu.sa/sites/default/files/lecture_3_10.pdf · 2018-09-29 · ) " ( ' &א" % $ # א" 7 5/6 − & 3 2 1 0 / . א-

(")'"א&%$#"א

5/67−&0123/.-א&,)#+*א

&1234$5א&,0א/&.-&,*+*&()$'א&%$#"א <=>1א&)$;#:9א&8)67$

:01C/.-אA%&B@"א&?<&=>1;:"&9)'8:F@G"1./01Cא%DEא.(,NאM-@N,)O$#'אKL,1אDEFG#4HIJAB#"9א1#ABCא@?

!"# = ∆#∆&' =

() − (+&') − &'+

= ,

!"# = ∆#∆&' =

3600 − 33004400 − 4000 =

300400 = 0.75

HI5א;J>K+LMN@8(5OPאPא"@A%QR@אSS5(9BאT@،VWX01/.-אC

.EOPאPQR@אS75H::L

Page 8: الفصل الثالث - الدخل والإنفاق - KSUfac.ksu.edu.sa/sites/default/files/lecture_3_10.pdf · 2018-09-29 · ) " ( ' &א" % $ # א" 7 5/6 − & 3 2 1 0 / . א-

(")'"א&%$#"א

5/67−&0123/.-א&,)#+*א

&1234$5א&,0א/&.-&,*+*&()$'א&%$#"א <=>1א&)$;#:9א&8)67$

:01B/.-א:&%9A"א&@?&<=1>"א&&;:89

!"# = ∆#∆&' =

() − (+&') − &'+

= ,

E9F&"G./01Bא&%CDא C/(Hא&%9A"א &01B/.-א <IJ"א

3200 2700 2001

3600 3000 2002

4000 3300 2003

4400 3600 2004

4800 3900 2005

5200 4200 2006

KL5M&NאA%&א"O(P>

Page 9: الفصل الثالث - الدخل والإنفاق - KSUfac.ksu.edu.sa/sites/default/files/lecture_3_10.pdf · 2018-09-29 · ) " ( ' &א" % $ # א" 7 5/6 − & 3 2 1 0 / . א-

(")'"א&%$#"א5/67−&0123/.-א&,)#+*א

&1234$5א&,0א/&.-&,*+*&()$'א&%$#"א <=>1א&)$;#:9א&8)67$

:01E/.-א&AB&:CDCB@&?<=>&;"א&%:א89"א.01E/.-א&Q"אD?E&@AB&:CDCB&M/"א&K/(L&5=MN&OPא&%IJ"א&FG&H/"א

R>?א%:א89"אSJ?TUGא"IJ%אK/(L:R(>?VWאKX/0AY:?#@:AB5א/C3$D1אEFG)*FHA6.IJK9א"#LMN.GO=P%1Q*#RFN6SRSP(1אT9א"#LMNUVאWO=P.XY$?#@:AB5אZ3$[L$*\]F-^<_O<`>O=P9א"#LMN.Z(אKX/9T[)8.\"])8"א:_i4T1=,jאF^1א(@1hא_fUVCgX)\1c$d1e"c$/Cאb@#`'אa()$*+1א

G1אEFG).GO=Pklא?#@:Aj3m1אn=oO=P1א`=AGאp,6$q.GO=Pklא*#RFNא'SRSPUVאW"3_.GaI$1TאZ3$rא'`#@b1אc$d1e"c$/?#@:AI,Gs1אc<t.^(:8I_.8?א"#(`IWאabcb3:*u.B5v*$()א'c,w*+*,6.HFx9א(j$/G-$1#$1>Ch=4_9א"#LMN

.)$9O#hאאl|$*@:א,yI;$i4TzCcn>C{*4אq$"א/,1א.>1

C1

C0

C2

)Yd( حا)'لا لخ#لا

يكاله)سالا قافنالا

AB

ل7ش)4-3(:

ى<:<م ك;:تكاله)سالا

Page 10: الفصل الثالث - الدخل والإنفاق - KSUfac.ksu.edu.sa/sites/default/files/lecture_3_10.pdf · 2018-09-29 · ) " ( ' &א" % $ # א" 7 5/6 − & 3 2 1 0 / . א-

(")'"א&%$#"א5/67−&0123/.-א&,)#+*א

&1234$5א&,0א/&.-&,*+*&()$'א&%$#"א <=>1א&)$;#:9א&8)67$

A)@?-א<&=01/.-א&>;&:819"אJKL#"9א&E&-F,&A;G&:4HI$#'א&@A,1א&.#7D>&6'א&B+Cא&/$A)9א&@>?*

S=Yd - C

ل"ش)3-5( تا+(*(مكاله1سالا

راخدالاو

كاله1سالاراخدالاو

Y

Yd

045

-a

a

CA’

A0

C, S

S

C < YdC = Yd

C > Yd

B1CD(EB0F::§MN$LOK:IPQ(*I-R9א"#JKLS1א,A@א'#$E.§T*2$MN$LOK:IPQ(*I-R9א(A$/S1א,A@א'#$E.§Uא,17א*IV$59א"#JKL<1א,A@א'#$E،13אQX-4NJH$MY

JKL#"9א6NZ1#`a4I_^[1אZ*#G\]A$/S:4H#Z"$17I)9א

.<D$b=1#א§cGd;=e\DaI1#אF$(fON,6$Tg7h1א,A@=390Si4Z*<Y5

@JKLO=kV$6#"9א%A$/6]$S*$1=;3Qd4j*]#^Y)9א

.@A,1א§ON,6$*#l$Sm1א,A@א'#$E6]#Yn9א"#JKL،*;7h6]#Yn

.A$/op$-4$q)9א

Page 11: الفصل الثالث - الدخل والإنفاق - KSUfac.ksu.edu.sa/sites/default/files/lecture_3_10.pdf · 2018-09-29 · ) " ( ' &א" % $ # א" 7 5/6 − & 3 2 1 0 / . א-

(")'"א&%$#"א5/67−&0123/.-א&,)#+*א

&1234$5א&,0א/&.-&,*+*&()$'א&%$#"א <=>1א&)$;#:9א&8)67$

)S(&:)89-א )C(&;01/.-א )Yd(&<)/=א&9%>"א5− 375 3700 390 3905 405 41010 420 43015 435 450

?1@A(B?0CDE9FG:&1ELMN&1L"E#OD$/&Fא&1#DJ*EKא&6CDE$&F&G?7HEI&א/A$/&(B)9א&@?=*§

.)$;#:9אF&)א9SEEUא&AEE$/&QEEJ/G$5&6#R$STEE#$5&1#;EEUV)9אEE#CLP&B"9א§

(AJWX.§F&Y$1I&-Z$[&904$א[&\=]&Y$WE$،&SE$5&1אJ"E4=I&1אJY4E,)&1+*E$()&

.b&Qc4d>?1אCLP،&B#"9א&A$/&_>&`34a)9א./$A)9א&1Iא)&,eJh&5א&CLP،&eT#f4g#"9א&1Iא)&.6§

C=a+b(Yd)

Page 12: الفصل الثالث - الدخل والإنفاق - KSUfac.ksu.edu.sa/sites/default/files/lecture_3_10.pdf · 2018-09-29 · ) " ( ' &א" % $ # א" 7 5/6 − & 3 2 1 0 / . א-

(")'"א&%$#"א5/67−&0123/.-א&,)#+*א

&1234$5א&,0א/&.-&,*+*&()$'א&%$#"א <=>1א&)$;#:9א&8)67$

:@)?<)5==)>:-א;"א:,)8/9א9?@A51א,BCא'#$DEFG7$/)G.9א"#HIJ+9א(B$/:

Yd =C+S)1(9?@A59א(B$/EF13אKL-M1א,BCא'#$DN9א"#HIJ:

S=Yd – C)2(N-OP$QR(1אR9א"#HIJ:

C=a+b(Yd)))3(QOST-#UF*V:4WRCXא'U$(1R2Y;CG=Z6$*=>:

S=Yd – (a+bYd )S=Yd - bYd – aS=- a+(1- b)Yd)4(

S=- a+(1- b)Yd)4(

:/$1I(B&\,]א&4C'אG7$/)&G.&1אF4[;1א&,?א^&_;F`&6aT&4'אC&1&\,]אI"#HIJ

Ga,6$&*<F5&1א,BC&א'#$D&(Yd) =&b3KQO5&9א(B$/&=&"$1c&9א"#HIJ&1#א=d$e>

AB5&אCD&E+F&GH>(I;&אJ?%&אKLM&"1:<(=&NO&אJ?%&אKLM&"1./01PIHQ&אRSTU&5$6V&WאXLא&YZ?Z(

b+(1– b)=1

&:=)>:-א&;"א:

Page 13: الفصل الثالث - الدخل والإنفاق - KSUfac.ksu.edu.sa/sites/default/files/lecture_3_10.pdf · 2018-09-29 · ) " ( ' &א" % $ # א" 7 5/6 − & 3 2 1 0 / . א-

(")'"א&%$#"א5/67−&0123/.-א&,)#+*א

&1234$5א&,0א/&.-&,*+*&()$'א&%$#"א <=>1א&)$;#:9א&8)67$

:A)@?1"<=01/.1">;:א89%א يدحلا لیملا

كالھتساللكالھتسالا

Cحاتملا لخدلا

(Yd)375 370390 390405 410

0.75 420 430

!"# = ∆#∆&' =

() − (+&') − &'+

= ,

يدحلا لیملاراخدالل

راخدالاC

حاتملا لخدلا(Yd)

-5 3700 39010 410

0.25 15 430

!"- = ∆-∆&' =

.) − .+&') − &'+

= (1 − ,)

!"- = ∆-∆&' =

15 − 10430 − 410 = 0.25

!"# = ∆#∆&' =

420 − 405430 − 410 = 0.75

:&A)@?1"&>;:א&89%א75N==O&/א,CD&)א)+KLM&"4#"9א&G,،&IJ5אE&F$*/&/א,AB&CD,1א&)א)+*&6$,@?

25N==O&/א,CD&)א)+A$/&"4)9א&G,،&IJ5אE&F$*/&/א,AB&CD,1א&)א)+*&6$,@?

:&=01/.1"&>;:א&89%א

Page 14: الفصل الثالث - الدخل والإنفاق - KSUfac.ksu.edu.sa/sites/default/files/lecture_3_10.pdf · 2018-09-29 · ) " ( ' &א" % $ # א" 7 5/6 − & 3 2 1 0 / . א-

(")'"א&%$#"א5/67−&0123/.-א&,)#+*א

&1234$5א&,0א/&.-&,*+*&()$'א&%$#"א <=>1א&)$;#:9א&8)67$

:@)?<1"=>01/.1";.:/8א89%א طسوتملا لیملا

كالھتساللكالھتسالا

Cحاتملا لخدلا

(Yd)375 370390 390405 410

0.98 420 430

A"# = #%&

طسوتملا لیملاراخدالل

راخدالاC

حاتملا لخدلا(Yd)

-5 3700 39010 410

0.03 15 430

A"' = ()*

+"' = '%& = 0.03

+"# = 420430 = .98

:&@)?<1"&;.:/8א&89%א?@7A&6$&B&א"#CDEF&GH,6$&*<I5&1א,JK&=&430LI&98٪

?@7A&6$&B&א(J$/N&GH,6$&*<I5&1א,JK&=&430LI&3٪

:&>01/.1"&;.:/8א&89%א

Page 15: الفصل الثالث - الدخل والإنفاق - KSUfac.ksu.edu.sa/sites/default/files/lecture_3_10.pdf · 2018-09-29 · ) " ( ' &א" % $ # א" 7 5/6 − & 3 2 1 0 / . א-

(")'"א&%$#"א5/67−&0123/.-א&,)#+*א

&1234$5א&,0א/&.-&,*+*&()$'א&%$#"א <=>1א&)$;#:9א&8)67$

:@)?<1"=>01/.1";.:/8א89%א

حاتملا لخدلا(Yd)

كالھتسالا(C)

راخدالا(S)

لیملاكالھتسالل طسوتملا

(APC)

لیملا راخدالل طسوتملا

(APS)

لیملا كالھتسالل يدحلا

(MPC)

لیملاراخداللل يدحلا

(MPS)

370390410430450470490510530

375390405420435450465480495

5-05101520253035

1.011.000.990.980.970.960.950.940.93

0.01-0

0.010.020.030.040.050.060.066

--0.750.750.750.750.750.750.750.75

--0.250.250.250.250.250.250.250.25

Page 16: الفصل الثالث - الدخل والإنفاق - KSUfac.ksu.edu.sa/sites/default/files/lecture_3_10.pdf · 2018-09-29 · ) " ( ' &א" % $ # א" 7 5/6 − & 3 2 1 0 / . א-

(")'"א&%$#"א

5/67−&0123/.-א&,)#+*א

&1234$5א&,0א/&.-&,*+*&()$'א&%$#"א <=>1א&)$;#:9א&8)67$

:א?<=>80;/:819&)>SAT،&F9(V%&WX0$"א&?9אR"אQ&F#$"א&;O<(&PאFL&MA<=&E9?N<(&GאB?C&"1GH(I&JKא&%A@א&B?C&"1./01D&EFא&%A@א

GאO<(&5Y(FC&Fא?9א&VSAS(.

E8(&א@A%&א@/R.Z&"1./01D&[A<\]&5&^א\R^&א&[8&_2א"Rא&?9א"$SAT،&`a?8(&5\R^&01/.-אD&E2_&8]&א"?H%&א@/(L.

1 < #$% > 0

() % > *+ ; -ℎ/0 1$% > 1 20+ 1$3 < 0

1 < #$3 > 0

Page 17: الفصل الثالث - الدخل والإنفاق - KSUfac.ksu.edu.sa/sites/default/files/lecture_3_10.pdf · 2018-09-29 · ) " ( ' &א" % $ # א" 7 5/6 − & 3 2 1 0 / . א-

(")'"א&%$#"א5/67−&0123/.-א&,)#+*א

&1234$5א&,0א/&.-&,*+*&()$'א&%$#"א <=>1א&)$;#:9א&8)67$

895:::1#$14Fא174$D$EאAB4C@א%?

@GH,:4IF)a(G)b(6.6J$(1F(1אF9א"#KLM:200 = a + bYd

كالھتسالا حاتملا لخدلا

110 100200 200290 300

:%;א

@G9:&@GH,&:4IF&4'אN&אO,P&1L"#KLM:

Q$D4$&:R&-$1#JS*T&U&א'J$(1F:200=a+0.9Yd

200=a+0.9(200)200=a+180

a=20

012 = ∆2∆45 =

200 − 110200 − 100 = 0.9

Page 18: الفصل الثالث - الدخل والإنفاق - KSUfac.ksu.edu.sa/sites/default/files/lecture_3_10.pdf · 2018-09-29 · ) " ( ' &א" % $ # א" 7 5/6 − & 3 2 1 0 / . א-

(")'"א&%$#"א&12)0'/.-א&,)#+*א

&1234$5א&,0א/&.-&,*+*&()$'א&%$#"א <=>1א&)$;#:9א&8)67$

:1)0'/.-א1Z[6N1=\SOVG$CאXY$"@1אW9CVאCVא,U'אTא1OPQ$14N(RSOא9I@Jא(KL#$M4Nא9I@Jא1DE,FG=Hא9A$B$Cא@?

6i4N](V"=U$Lf$X4NgZJBhאVV"4eNאV14Nאא)א@TR$Ld6א@"<1c=Uאb+V5'א1DE,FaאCא`_1#א^א9L#$M4N،-$KA$BNא

j,().

:1)0'/.-א34056<=uא1i$stא.n\$/pqnY15–20٪6#"9א9L3$oאC،95א/$\n#"9אCaא`_1#א$?/,;N6*)$;#:9א1#m=7$Cאk=lא

.1U$yאC$*)$;#:א9v$1>a6Uwxא

Page 19: الفصل الثالث - الدخل والإنفاق - KSUfac.ksu.edu.sa/sites/default/files/lecture_3_10.pdf · 2018-09-29 · ) " ( ' &א" % $ # א" 7 5/6 − & 3 2 1 0 / . א-

(")'"א&%$#"א

&4/56−&12)0'/.-א&,)#+*א

&1234$5א&,0א/&.-&,*+*&()$'א&%$#"א <=>1א&)$;#:9א&8)67$

FGHIJא&CD&E/"א&+&AB)@&9")?<1&=4>;:&=&1)0'/.-א&9")78.9E#$M4Jא1DL=4JאH#I,6JK'אBא9EF$Gא7$E>C'אBCא,D'אA9BCא@?AB:6)'"אK>?("9"א=4>;/"א.W$MJאST$CU+*VT$WXא1Q9-,6.0RאBא,D'אA9BCא/FGHIJ:6?@:NOP4$אCDE/"א

L(E&א–&1)0'/.-א&9")78&=&1)0'/.-אM/NO&1>P&אF(Q]YZא]jeאf،h4#N=iא,$14J^$_LR`,(Ca;7b-D,cPdY$WJ1e"#I[\1Rא]9YZא:K>?("RS"אL<Q-אM/NOאM,*,)`@1אk,lJ،אCאMRאGאYej$BCaR64L$B_=m1אk,lJ.

Page 20: الفصل الثالث - الدخل والإنفاق - KSUfac.ksu.edu.sa/sites/default/files/lecture_3_10.pdf · 2018-09-29 · ) " ( ' &א" % $ # א" 7 5/6 − & 3 2 1 0 / . א-

(")'"א&%$#"א

&4/56−&12)0'/.-א&,)#+*א

&1234$5א&,0א/&.-&,*+*&()$'א&%$#"א <=>1א&)$;#:9א&8)67$

:1)0'/.-א&1א78Oא1#S7TUVDW13Xא.1PQFR6א1#L=7$Oא(NJCM/אLM#"9אF,K-)<HIJ#"9א9A3$BאCD$/E)-F<G#"9א9A3$Bא@?#*6?#L7=4YZ[*=Y\6Mא]^F7$]._`a=b"74Rא'C$c:!؟S[Eq4W?1א/$CD#"9א@1f$:YkTmM-n<RJ7oa=bpVא/$9kMlkL=7$O\"F\،−[א,*,1S3ghא–1f$:YאOde$cא/$CD#"9א

؟A5(B@/"א&2?<&=>;&א:)9

"#Ips&6.&6IptY&\N14Y&uv&\5&9א"#CD$/אO&d&:f$w&1אS3g&kSx3y&aS,6$&kSx3y&אz"F$/،&N1אF<G&^{4|.

؟QR"SKא&9JOPKא&H&IJ7K&LM?N"&1)0'/.-א&D(E<&FG"א&%<

Page 21: الفصل الثالث - الدخل والإنفاق - KSUfac.ksu.edu.sa/sites/default/files/lecture_3_10.pdf · 2018-09-29 · ) " ( ' &א" % $ # א" 7 5/6 − & 3 2 1 0 / . א-

(")'"א&%$#"א

&4/56−&12)0'/.-א&,)#+*א

&1234$5א&,0א/&.-&,*+*&()$'א&%$#"א <=>1א&)$;#:9א&8)67$

?@A.&B%א&אC32D&אE"@$/&*FG3H&1א@$I,&א'#J:K&6.&LMN&א'O$/*K.&PQ<.&R@S4A&LMN&א'TUVW&BX&YZ&א&^$[$\]1אE_`a.78%9:/;<=><?(9@AB9@C#DאE-FאGH/I<?DJ0:"אCK(Fא*+/(LKDMN?(4#A,א":(O<12)0'/.-א?>P(QB4;AR

؟!1)0'/.-אGH/'0ST/0A4%=0CKDא-

"V"W=><אX(YZS0/:4[+\]1)0'/.-א1א<=C^?;(1+D?:<_א":(O<אG/AZ6?`אGaS7b69?12)0'/.-א@C#D0/"אA4%

).:Sא"#(O<cJא"HA,(.G(Yא&.:S&א"#(O<c؟

Page 22: الفصل الثالث - الدخل والإنفاق - KSUfac.ksu.edu.sa/sites/default/files/lecture_3_10.pdf · 2018-09-29 · ) " ( ' &א" % $ # א" 7 5/6 − & 3 2 1 0 / . א-

(")'"א&%$#"א&4/56−&12)0'/.-א&,)#+*א

&1234$5א&,0א/&.-&,*+*&()$'א&%$#"א <=>1א&)$;#:9א&8)67$

:%'A&,@<"א&?&>;)<"א&=>;)#"א&:9.&78.17CDא&.B&6אA:9א&@3=>?-.)<?א1Oא&1#LM*Nא&$1CG7@&HI&*G#J,K-&(&@=*,17א&@13EFא&@3=>?-

Page 23: الفصل الثالث - الدخل والإنفاق - KSUfac.ksu.edu.sa/sites/default/files/lecture_3_10.pdf · 2018-09-29 · ) " ( ' &א" % $ # א" 7 5/6 − & 3 2 1 0 / . א-

(")'"א&%$#"א

&4/56−&12)0'/.-א&,)#+*א

&1234$5א&,0א/&.-&,*+*&()$'א&%$#"א <=>1א&)$;#:9א&8)67$

:4%;0/"א:789#?@"AB13$אC,)1אD$C,E1אD@F.::"-אBא<A/.א@?<=)>"א?@GH@IאJ*Bא(אKא'D#L7=4Mא'#@:NאO;@PQ=4R$STUVS#$W91אM1=D=NXYPZ[)\4$]R$E^@_1אTB`aאO$14M

.$14c>1#אAM1#=b:@#'א`C(D4*אEאFאGאHI/J59K:=אJ*Bא)אKאO$14M`א'#@:AM–]<$14cאJS#$WאO$14M`א'#@:AM`،Kא,O$14M1=A$Cא1L4HMאj1M\$14$k`-hא_א1fg*D$`g-hi.0Bאd;eאH(O:?@"ABאL>4:"EMNא:4)8#"א*D#mBW6.n$EאJ*Bא)אKא'D#L7=4M

Page 24: الفصل الثالث - الدخل والإنفاق - KSUfac.ksu.edu.sa/sites/default/files/lecture_3_10.pdf · 2018-09-29 · ) " ( ' &א" % $ # א" 7 5/6 − & 3 2 1 0 / . א-

(")'"א&%$#"א&4/56−&12)0'/.-א&,)#+*א

&1234$5א&,0א/&.-&,*+*&()$'א&%$#"א <=>1א&)$;#:9א&8)67$

:1)0'/.-א1א78*?#@,A=B6C$/DE6?,F1א?$G,א'#H:I6.א'JKLM9א"#N@$/O6IP<=3E1#א@H*Q)"?K13$אG,)R1אSHT(-$"#U,אVWK*CE1א[email protected]$14Eא

PF =P0 (1+r)nPF :S#C7=4E'א1C4@EאP0 :X$14Eא1C4@Eאr "?K13$אG,):n

A,(1אSYHאZ:

Page 25: الفصل الثالث - الدخل والإنفاق - KSUfac.ksu.edu.sa/sites/default/files/lecture_3_10.pdf · 2018-09-29 · ) " ( ' &א" % $ # א" 7 5/6 − & 3 2 1 0 / . א-

(")'"א&%$#"א&4/56−&12)0'/.-א&,)#+*א

&1234$5א&,0א/&.-&,*+*&()$'א&%$#"א <=>1א&)$;#:9א&8)67$

7'(8:1TRאKLR*7=F10٪?$'7=F"(,17KLM-NOP?$Qא,E67=F:,/G100/*$HIBJ)AB50C;$BDא@?א"4U;VW=4X-O,YZ["KL؟\א

:9%אPF =P0 (1+r)n

PF =100(1+0.10)3=133.1

Page 26: الفصل الثالث - الدخل والإنفاق - KSUfac.ksu.edu.sa/sites/default/files/lecture_3_10.pdf · 2018-09-29 · ) " ( ' &א" % $ # א" 7 5/6 − & 3 2 1 0 / . א-

(")'"א&%$#"א

&4/56−&12)0'/.-א&,)#+*א

&1234$5א&,0א/&.-&,*+*&()$'א&%$#"א <=>1א&)$;#:9א&8)67$

:AJ(NOPאLM"אABC;4DEFG;H.7'I"9J(K)'@אא?<=>)+;:+9"א8)7؟H5I;=JF=K133.1/*$9Lא1BC1@DE(F#GאA=7'א@?6$

:%Qא

!0 =!$

( 1 + ()*

!0 = +,,.++./.+ , =100

Page 27: الفصل الثالث - الدخل والإنفاق - KSUfac.ksu.edu.sa/sites/default/files/lecture_3_10.pdf · 2018-09-29 · ) " ( ' &א" % $ # א" 7 5/6 − & 3 2 1 0 / . א-

(")'"א&%$#"א&4/56−&12)0'/.-א&,)#+*א

&1234$5א&,0א/&.-&,*+*&()$'א&%$#"א <=>1א&)$;#:9א&8)67$

7'(89:';<=>?(@$>AאB(CD;1)0'/.-א1א:]אBOU5B7=N166=4P5/*$QVWQXY"ZPא)א1I4$JKALGMB7=NB<=3#O126=4P5/*$Q،G*#P:ST*LאBCDE,*,F,GHא/$A#"א@7=?

\$1#$1>:

6S1א]=^U5"]L$1`א(,_13$א>*a$Gb10٪.defBZ;g-$17,h-$'ALGM؟<$1`א

ةسماخلا ةعبارلا ةثلاثلا ةیناثلا ىلوألا ةنسلا5 5 4 1 1 نویلملاب( داریإلا

Page 28: الفصل الثالث - الدخل والإنفاق - KSUfac.ksu.edu.sa/sites/default/files/lecture_3_10.pdf · 2018-09-29 · ) " ( ' &א" % $ # א" 7 5/6 − & 3 2 1 0 / . א-

(")'"א&%$#"א

&4/56−&12)0'/.-א&,)#+*א

&1234$5א&,0א/&.-&,*+*&()$'א&%$#"א <=>1א&)$;#:9א&8)67$

:9א78אO$MP10*<$1@א(,13$NאF،M"GEאA:G?166=4A5/*$BHIBJK"LA#'אFא)אD*Eא،4A5/*$B=126?$14@א?3=>1#א-$"#Q,אR6G$(1?1אS4T?1?$14@א=TUEMV"LGEWX,MYZ[אא'UEMV:

.WBCDEא&NO&+P$Q&R("ST8U&V&?<")@א&?#MA/"א&A0BCDE&F5AG&11.26DHI&;J%&KL"&?<")@א&?0<="א&>;&):

ةیلاحلا ةمیقلا p0 ىلعةموسقم Pf ةیلبقتسملا ةمیقلا ةنسلا

0.91 1.1 1 10.83 (1.1)2 1 23.01 (1.1)3 4 33.42 (1.1)4 5 43.11 (1.1)5 5 511.26 16 يلامجإلا

,0 =,.

( 1 + 0)1

Page 29: الفصل الثالث - الدخل والإنفاق - KSUfac.ksu.edu.sa/sites/default/files/lecture_3_10.pdf · 2018-09-29 · ) " ( ' &א" % $ # א" 7 5/6 − & 3 2 1 0 / . א-

(")'"א&%$#"א&4/56−&12)0'/.-א&,)#+*א

&1234$5א&,0א/&.-&,*+*&()$'א&%$#"א <=>1א&)$;#:9א&8)67$

:1)0'/.-א:7898*?@A1אBC:D-E"B@13$אF,)GHIJ9א"#KL$/.:?<=)#"א>;.MNאO,(1א@F4P1C"#KL$/،G*B@RאST7'א=U1אVW

*,XBTא'Y#KL@6Z$-[96אN1א\א]*Z^_`$،GaNb,

cC:Dc<Y4D-EHIJ9א"#KL$/G"B@13$אF,)،

)نویلملا( رامثتسالا مجحةدئافلا رعس4%5%6%7%8%

108643

3 4 6 8 10 I

10

8

7

6

5

4

)%( ة*ئافلا #عس

را234سالا 0/ح

Page 30: الفصل الثالث - الدخل والإنفاق - KSUfac.ksu.edu.sa/sites/default/files/lecture_3_10.pdf · 2018-09-29 · ) " ( ' &א" % $ # א" 7 5/6 − & 3 2 1 0 / . א-

(")'"א&%$#"א

&4/56−&12)0'/.-א&,)#+*א

&1234$5א&,0א/&.-&,*+*&()$'א&%$#"א <=>1א&)$;#:9א&8)67$

:1)0'/.-א8"א7:<1#$1א1NOPאIJ$//*$K4$LB=M#"9אFGH,1אC:D-E@1א.7AB@1#א.>?

! = !# + % &

I0: FG,1אIJ$/6T#QGB.6T#PU#"אQ$R>HSP=1#א/$IJ#"9א

iY: FG,1אZ,[1C"#IJ$/\6T#PUא4G'אHSPV$WGKXY<@1#7א/$IJ#"9א

-9:&;<&=>?&.@A&א"#(BCD&.EFG7&HI&א"/JAK&LMN&+#O&אPQJQN&RS&+FT8&HI&;UAV

Page 31: الفصل الثالث - الدخل والإنفاق - KSUfac.ksu.edu.sa/sites/default/files/lecture_3_10.pdf · 2018-09-29 · ) " ( ' &א" % $ # א" 7 5/6 − & 3 2 1 0 / . א-

(")'"א&%$#"א

&4/56−&12)0'/.-א&,)#+*א

&1234$5א&,0א/&.-&,*+*&()$'א&%$#"א <=>1א&)$;#:9א&8)67$

:1)0'/.-א@?<=>;:א9%א78"א[email protected]$/GE"H?13$אI,)6J6H,K3$>1א*EאL,*E1M"#ND$/OP,

:/$ND#"9א/א?:6WBX?YZ[\?O=]אND$/R،T9B5CP$UOV#"א/א?:%$QאA(8/"אB7(C:O,^1אV_V`-ab5א'c#F7W9א:#;$(R*[\?Zb\d74$="אO=]1אF?א/.e$f?Uא'PgP]Thאi"3Wj1אH<klg4m.D(9E/8Fא";G%:n*$()6H,KoV1א,XWZPFWא'PgP]-$p$q14אDrj1אH<klg4m.H(א"EI(J:n*$()1אPDVZPFWא'PgP]-$p$q14אDrj1אH<klg4m.:KM/"אK;L/"א)>6NMאs#a$tu?vw,*,)1xG#$y*?zJ1א{=|O=]/B}א'$K،14#g?U

.14DrאPgP]-$p$q'א

Page 32: الفصل الثالث - الدخل والإنفاق - KSUfac.ksu.edu.sa/sites/default/files/lecture_3_10.pdf · 2018-09-29 · ) " ( ' &א" % $ # א" 7 5/6 − & 3 2 1 0 / . א-

(")'"א&%$#"א

01/.-א&,)#+*א

&1234$5א&,0א/&.-&,*+*&()$'א&%$#"א <=>1א&)$;#:9א&8)67$

NאMאJ.HK?5L2=H)5"אD("1E05FG=HI*אC?1אAB)6"א@?<,)#+*א=/6>;0:0)9א78)56"א01234/.-א,)#+*אOP?#:<5QR(S+P(T1،HV(7:אW40(X،H05FYR(A6FZY1HM[(<1.?@<.ABC4DאEF3$GאH<I6>JKLMLN-OI(/P4CNQ>:(^[\M](H<I6N67$0Zא1VWAC#X,6Yא<=Uא1O$ATא.R+S6א<X:Q)W40אH`?_"א;0Z:0/.-אX)K^[\א•

_6O4N6`4ONa$()"ONbcZאS1אC4$/אd?(]e6ZA7$d?fgI/6Ih3>1?,1אNa=i"74jא'k$\9אH;Z.6kj:Ja$F$d)א1nAB,o1p]ZאEa$F$dא?dא,C$a'א?<9g#l$aא12l$5אPb/K?Z::Aclj6C#mB$d"א4a/>(X\א•

.17q$1Nא•04a/>(Xא"#(c4d:Q>6,]Ia$dFB,*N'.@#=r1אCO,אdאH<I64N.

Page 33: الفصل الثالث - الدخل والإنفاق - KSUfac.ksu.edu.sa/sites/default/files/lecture_3_10.pdf · 2018-09-29 · ) " ( ' &א" % $ # א" 7 5/6 − & 3 2 1 0 / . א-

(")'"א&%$#"א3456−&01/.-א&,)#+*א

&1234$5א&,0א/&.-&,*+*&()$'א&%$#"א <=>1א&)$;#:9א&8)67$

:01/.-א,)#+*א7/3%(?7$0'אA@א?12א•(?7$0'אABC@א?12א••-4D6$E=<F6.6Gא/(.:@?<01/.-א,)#+*א=>;:38496,HI$J$KאL#MD6.-N4OP"$"4OQP6.QRSOQTU=4V.Q9IWPXF-YZא*<G59אX3$[א\<G6>6]#^_`.I]$-$K.c$jאfM$/g1=^h$i#"9א]9X3$אc]$@?`=d`<eאa/-$bQא

Page 34: الفصل الثالث - الدخل والإنفاق - KSUfac.ksu.edu.sa/sites/default/files/lecture_3_10.pdf · 2018-09-29 · ) " ( ' &א" % $ # א" 7 5/6 − & 3 2 1 0 / . א-

(")'"א&%$#"א.א-,)$"א&+)*

&1234$5א&,0א/&.-&,*+*&()$'א&%$#"א <=>1א&)$;#:9א&8)67$

:)X(.א-,)$"א?>@=A1אB=CDאE,6$F1אG@H#IJ=4$KD*#L@;,*M?$NO1אP$QאE$/R>،D?>@P#TR+UאK6.1אV=WאE$/R>X=Y

.H#Z[J=4$K'אE,6$Fא1B=CDא:)M(.א,-א/"א.]dRH74אE,6$Fא1B=CDאc=>X=Yאa3$b`אFא)/א_1א^[\:)45-)3א2)01#א+)*(.א-,)$"א+)*13Mb-e6$a;,/fD6$aB#_/(f.(X-M)א

Page 35: الفصل الثالث - الدخل والإنفاق - KSUfac.ksu.edu.sa/sites/default/files/lecture_3_10.pdf · 2018-09-29 · ) " ( ' &א" % $ # א" 7 5/6 − & 3 2 1 0 / . א-

(")'"א&%$#"א.א-,)$"א&+)*

&1234$5א&,0א/&.-&,*+*&()$'א&%$#"א <=>1א&)$;#:9א&8)67$

:%?<3.א,-א0"א=.א-,)$"א>;23456789:6"א1%א0/"אK$/Nא.L6א)/א1Bא)א)+K,6$LJ-$1#$1>Mא1H=IJאE=>F=Gא1C=Dא)א)+*<1AB6א@?,1א()$*+-:B01C"א%A@"א•

1#=74OP+Q6.RS1אאC=D.•D6=E(.אFG/(-א"/(HI<:אT3$UאV"W$/אK$/P4O1=H=IJאK,6$L1,J1O6$6A$/XO-$1,JYאV?Z[*+*,6.\$]

1W<`\a4bאJ1O،J,1א^=LMא/)$\

•JG/(-*6Kא"/?L.:JRS3-@;6#אZJ:$LאV"W$/1אW$'4O.cWd,אT3$UFe=O(J1O6$cfSא*ghIF=G0ZאQ.T32kXH74$lא$K,6$L،V5j"W$/Rא1H=IJא.J1O6,1אLRSiא/)$\