The APC is calculated as
A) change in consumption/change in income.
B) consumption/income.
C) change in income/change in consumption.
D) income/consumption.
Correct Answer:
Verified
Q14: The APC can be defined as the
Q15: The most important determinant of consumer spending
Q16: Which of the following is correct?
A) APC
Q17: The size of the MPC is assumed
Q18: The relationship between consumption and disposable income
Q20: As disposable income increases, consumption
A) and saving
Q21: At the point where the consumption schedule
Q22: If Trent's MPC is 0.80, this means
Q23: In contrast to investment, consumption is
A) relatively
Q24: (Advanced analysis) If the equation for the
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