The Average Propensity to Consume Equals the

Multiple Choice

The average propensity to consume equals the

A) change in personal consumption expenditures divided by the current level of consumption expenditures.
B) amount spent on consumption divided by the amount of disposable income.
C) change in personal consumption expenditures divided by the change in disposable income.
D) personal consumption expenditures divided by personal saving.
E) sum of personal consumption expenditures and disposable income divided by 2.