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: Q84: In the above figure, when real disposable Q86: Along the portion of the consumption function Q87: If the level of consumption is $100 Q91: Autonomous consumption is Q92: Where the consumption function intersects the 45-degree Q94: In the above figure, saving will equal Q97: When a household's disposable income falls to Q99: According to the above figure, autonomous consumption Q100: If disposable income = $200 billion and
A) consumption spending that is
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