If Income Is $5,000 Per Month and Consumption Spending Is

question 133

Multiple Choice

If income is $5,000 per month and consumption spending is $4,500 per month, what is the average propensity to consume?

• A) 0.9
• B) 1.11
• C) 500
• D) -500

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Definitions:

Routine Maintenance

Regular, scheduled activities performed to keep equipment, machinery, or systems operating efficiently and to prevent any unforeseen failures.

Honda Fit

A model of subcompact car known for its efficient use of space and fuel economy, produced by Honda.

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The detriment, disadvantage, or deprivation from losing something.

Strictly Liable

Legal principle requiring no proof of fault or negligence; one is liable simply because an action caused damage or harm.