If income is $50,000, consumption is $47,500, and saving is $2,500, then the average propensity to consume is:
A) 0.95.
B) 0.50.
C) 0.05.
D) There is not enough information to answer this question.
Correct Answer:
Verified
Q18: According to the balanced budget multiplier, an
Q19: If you spend $100 and the MPC
Q20: Which of the following are considered withdrawals
Q21: (Table: Consumption and Savings) Based on
Q24: If income is $50,000, consumption is $47,500,
Q52: Aggregate expenditures are equal to
A) the total
Q93: The largest component of aggregate expenditures is
A)
Q172: If there is no government and no
Q235: If disposable income is $3,000 and saving
Q236: If disposable income is $250 and saving
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