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Subject:
average propensity
Category: Business and Money > Economics Asked by: skeeter1-ga List Price: $2.00 |
Posted:
08 May 2003 09:33 PDT
Expires: 07 Jun 2003 09:33 PDT Question ID: 201168 |
The average propensity to consume is consumpton: a. ivided by disposable income. b. divide by saving c. multiplied times savings. d. multiplied times investment which is the answer? |
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Subject:
Re: average propensity
Answered By: tutuzdad-ga on 08 May 2003 09:59 PDT Rated: |
The answer is "A": divided by disposable income http://economics.about.com/library/glossary/bldef-average-propensity-to-consume.htm "Definition of Average Propensity to Consume: The average propensity to consume is the proportion of income the average family spends on goods and services." Therefore, the average propensity to consume is consumption divided by disposable income. regards; tutuzdad-ga |
skeeter1-ga rated this answer: |
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