Solved

If Disposable Income Is $3,000 and Saving Is $1,200, How

Question 81

Multiple Choice

If disposable income is $3,000 and saving is $1,200, how much is the average propensity to consume?

A) 0.4
B) 0.6
C) 1.2
D) 2.5

Related Questions

Q76: Keynes emphasized income as the main determinant

Q77: The balanced budget multiplier means that government

Q78: Classical economists believed that prices, wage rates,

Q79: Negative saving, by definition, is impossible.

Q80: Suppose the economy has more savings than

Q82: The increase in aggregate spending needed to

Q83: A depression economy has considerable slack; therefore<br>A)

Q84: Classical economists claim that _ is the

Q85: Which one of these helps determine consumption

Q86: With respect to income, the investment schedule