If the Equation for the Consumption Schedule Is C =

question 74

Multiple Choice

If the equation for the consumption schedule is C = 20 + 0.8Y, where C is consumption and Y is disposable income, then the average propensity to consume is 1 when disposable income is:

• A)$80
• B)$100
• C)$120
• D)$160

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Definitions:

Sexual Intercourse

A physical activity involving the consensual genital contact between individuals, typically resulting in sexual stimulation and pleasure.

Percentage

A numerical or mathematical way to express a part of a whole or a fraction of something in terms of 100.

Leading Cause

The primary factor or condition that dominates in bringing about an effect, such as a disease or social issue.

Disease

A condition that impairs normal functioning and is typically characterized by specific signs and symptoms.