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

question 90

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) -500
• B) 0.9
• C) 1.11
• D) 500

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Definitions:

Genetic Differences

Variations in the DNA sequences among individuals, which contribute to the biological diversity of organisms.

Happiness Levels

Measures of well-being and satisfaction with life, which can vary based on individual circumstances and perceptions.

Gender Differences

Variations in the physical, psychological, and behavioral characteristics typically associated with being male or female.

Age Differences

Variations in behaviors, attitudes, or attributes that are attributable to different ages or stages in the life cycle.