If income is $5,000 per month and consumption spending is $4,500 per month, what is the average propensity to consume?
A) 0.9
B) 1.11
C) 500
D) -500
Correct Answer:
Verified
Q55: If income rises from $10,000 to $20,000
Q67: If income increases from $3,000 per month
Q68: From 2008 to2009, the falling stock market
Q69: Which of the following is NOT a
Q70: (Table) The table shows data on
Q73: When household debt levels rise:
A) the ability
Q74: If consumption increases from $500 billion to
Q75: Which one of the following helps determine
Q76: If the stock market collapses, consumption will:
A)
Q167: Investment spending
A) tends to be volatile.
B) is
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