Aggregate Desired Consumption Divided by Aggregate Disposable Income Is Called

question 64

Multiple Choice

Aggregate desired consumption divided by aggregate disposable income is called the

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

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Definitions:

Standard Deviation

An approach to measure the diversity or scattering of figures in a dataset.

Mean

The average of a set of numbers, obtained by dividing the sum of the numbers by the count of numbers.

Normal Random Variable

A random variable that has a normal distribution, often used in statistics and probability theory.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, indicating how much the values differ from the mean of the set.