A Variable That Shares None of Its Variance with Any

question 9

Multiple Choice

A variable that shares none of its variance with any other variable would have a communality of:

• A)0.01
• B)0
• C)1
• D)0.1

Calculate savings for given levels of disposable income.

Understand and calculate the Average Propensity to Save (APS) and the Average Propensity to Consume (APC).

Define and calculate the Marginal Propensity to Consume (MPC) and the Marginal Propensity to Save (MPS).

Determine the level of disposable income at which induced consumption, savings, and the APS are zero.

---

Definitions:

Competence

The ability or capacity to do something effectively or to a required standard; often refers to a specific skill or set of skills.

Obscenities

Words, expressions, or actions that are offensive or rude, often related to sex or bodily functions.

Psychopathology

The study of mental disorders, including their symptoms, causes, and treatments.