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    Economics Today Study Set 1
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    Exam 12: Consumption, Real GDP, and the Multiplier
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    What Can We Say About APC + APS and MPC
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What Can We Say About APC + APS and MPC

Question 337

Question 337

Multiple Choice

What can we say about APC + APS and MPC + MPS?


A) Each must sum to 1.
B) MPC + MPS = 100% of total income.
C) APC + APS = 100% of the change in income.
D) MPC + MPS always equals 1, but the sum of APC + APS can vary.

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