Which of the following correctly defines the average propensity to consume (APC) ?
A) change in planned consumption divided by change in real disposable income
B) planned consumption divided by real disposable income
C) real disposable income divided by planned consumption
D) change in real disposable income divided by change in planned consumption
Correct Answer:
Verified
Q81: Q82: If consumption is $750 when real disposable Q83: The average propensity to consume is the Q84: If the marginal propensity to save is Q86: Along the portion of the consumption function Q87: If the level of consumption is $100 Q89: In the above figure, a change in Q91: Autonomous consumption is Q92: Where the consumption function intersects the 45-degree Q100: In the above figure, when real disposable
A)percentage
A) consumption spending that is
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