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If Income Is $50,000, Consumption Is $47,500, and Saving Is

Question 75

Multiple Choice

If income is $50,000, consumption is $47,500, and saving is $2,500, then the average propensity to consume is:

A) 0.95.
B) 0.50.
C) 0.05.
D) There is not enough information to answer this question.

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