The Propensity to Consume Represents

question 27

Multiple Choice

The propensity to consume represents:

• A) the change in output caused by a one- unit change in autonomous demand.
• B) the level of consumption that occurs if disposable income is zero.
• C) the ratio of total consumption to disposable income.
• D) the change in consumption caused by a one- unit change in disposable income.
• E) total income minus total taxes.

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Definitions:

Utilization Factor

The ratio of the actual time a system, machine, or resource is used to the total time it is available, often expressed as a percentage to indicate efficiency or capacity usage.

Queue Discipline

The rules or policies that determine the order in which tasks or customers are processed or attended to.