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If the Average Propensity to Save (APS)is 0

Question 301

Multiple Choice

If the average propensity to save (APS) is 0.60, then this means


A) people are saving 60 percent of their disposable income.
B) people are spending 60 percent of their disposable income.
C) the marginal tax rate is 60.
D) the government spends 60 percent of its revenues.

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