If disposable income = $200 billion and the APS = 0.9, then
A)saving = $90 billion.
B)saving = $45 billion.
C)saving = $180 billion.
D)saving cannot be determined.

Name: If disposable income = $200 billion and the APS = 0.9, then A)saving = $90 billion. B)saving = $45 billion. C)saving = $180 billion. D)saving cannot be determined.
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Question

Quizplus · Accepted Answer

APS (Average Propensity to Save) is the ratio of saving to disposable income. If APS is 0.9, then saving is 0.9 * $200 billion = $180 billion.

If Disposable Income = $200 Billion and the APS =