Multiple Choice
The average propensity to consume (APC) equals
A) real disposable income divided by consumption expenditures.
B) consumption expenditures divided by real disposable income.
C) the change in consumption expenditures divided by the change in real disposable income.
D) the change in real disposable income divided by the change in consumption expenditures.
Correct Answer:
Verified
Correct Answer:
Verified
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