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The Average Propensity to Save Is Calculated by Dividing Savings

question 124

True/False

The average propensity to save is calculated by dividing savings by income.


Definitions:

Gregarious Guy

A person who is very sociable, enjoys being in crowds, and often engages in social activities.

Idle Production Capacity

Occurs when the service provider is available but there is no demand for the service.

Demand Exceeds

A situation where the demand for a product or service surpasses its supply, often leading to stock shortages or increased prices.

No Demand

A market situation where there is no consumer desire or interest in purchasing a specific product or service.

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