The average propensity to consume indicates the:
A) amount by which income exceeds consumption.
B) relationship between a change in saving and the consequent change in consumption.
C) percentage of total income which will be consumed.
D) percentage of a change in income which will be consumed.
Correct Answer:
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Q20: As disposable income increases, consumption
A) and saving
Q32: Dissaving occurs where
A) income exceeds consumption.
B) saving
Q38: Given the consumption schedule, it is possible
Q40: Dissaving means:
A)the same thing as disinvesting.
B)that households
Q41: Q43: Q44: If the equation for the consumption schedule Q45: The APC can be defined as the Q46: Q47: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents