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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 31
Circle the letter that corresponds to the best answer. The average propensity to save _____.
A) is disposable income divided by saving
B) is a measure of the additional saving generated by additional income
C) is negative at very high income levels
D) varies directly with income; as income rises, the APS rises
A) is disposable income divided by saving
B) is a measure of the additional saving generated by additional income
C) is negative at very high income levels
D) varies directly with income; as income rises, the APS rises
Explanation
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Verified
The average propensity to save (APS) is ...
Macroeconomics 11th Edition by Stephen Slavin
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