Multiple Choice
The average propensity to consume is
A) real consumption expenditures divided by real disposable income.
B) real disposable income divided by real consumption expenditures.
C) real consumption expenditures divided by real saving.
D) real saving divided by real consumption expenditures.
Correct Answer:
Verified
Correct Answer:
Verified
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Q89: Autonomous consumption is<br>A) consumption spending that is
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