Multiple Choice
When the average propensity to save (APS) is 0.20, then this means
A) people are spending 20 percent of their disposable income.
B) people are spending 80 percent of their disposable income.
C) people are saving $0.20 of the last dollar earned.
D) people are spending 60 percent of their disposable income and investing the remaining 20 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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