menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics Study Set 11
  4. Exam
    Exam 30: Basic Macroeconomic Relationships
  5. Question
    The Average Propensity to Consume Is Defined as Income Divided
Solved

The Average Propensity to Consume Is Defined as Income Divided

Question 172

Question 172

True/False

The average propensity to consume is defined as income divided by consumption.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q45: If the marginal propensity to save is

Q47: The most important determinant of consumer spending

Q55: A decline in the real interest rate

Q60: The most important determinant of consumption and

Q93: (Last Word) Art Buchwald's article "Squaring the

Q167: Assume the MPC is 2/3. If investment

Q168: In a private closed economy, national income

Q169: The average propensity to save is equal

Q173: Art Buchwald's article in the Last Word

Q175: The amount of consumption in an economy

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines