Total Desired Saving Divided by Total Income Is Called the

question 20

Multiple Choice

Total desired saving divided by total income is called the

• A)marginal propensity to save.
• B)average propensity to consume.
• C)average propensity to spend.
• D)total propensity to save.
• E)average propensity to save.

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Definitions:

Absolute Value

A number’s distance from zero on the number line, without considering direction; always a positive value or zero.

Price Elasticity

A measure of how the quantity demanded of a good changes in response to a change in its price.

Gas Sales

The commercial activity of selling gaseous fuels, such as natural gas or propane, to consumers.

Convenience Store

A small retail business that stocks a range of everyday items like groceries, snack foods, and household goods, often operating for extended hours.