The APC can be defined as the fraction of a:
A)change in income which is not spent.
B)change in income which is spent.
C)specific level of total income which is not consumed.
D)specific level of total income which is consumed.

Question

Quizplus · Accepted Answer

The Average Propensity to Consume (APC) is the fraction of total income that is consumed, not saved.

The APC Can Be Defined as the Fraction of A