Which of the Following Events Would MOST Likely Change the Racial

question 64

Multiple Choice

Which of the following events would MOST likely change the racial demographic of a population?

• A)a political scandal
• B)an aging population
• C)an economic slump
• D)an influx of immigrants

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Definitions:

APC

Average Propensity to Consume, which is the fraction of income that households spend on consumption as opposed to saving.

APS

Stands for Average Propensity to Save, which measures the proportion of income that households save rather than spend on goods and services.

Autonomous Consumption

The level of consumption that occurs when income is zero, representing the consuming behavior independent of current income.

Aggregate Household

The combined and total measure of all consumers in an economy, accounting for all spending and consumption.