According to 2007 U

question 41

Multiple Choice

According to 2007 U.S.Census data, approximately _____ of people aged 65 and older are widowed.

• A)one-quarter
• B)one-third
• C)one-half
• D)three-quarters

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Definitions:

APC

It stands for Average Propensity to Consume, indicating the fraction of income that is spent on consumption rather than savings.

APS

Average Propensity to Save, which is the fraction of income that is saved rather than spent on consumption, calculated as savings divided by disposable income.

APC

Average Propensity to Consume, the ratio of total consumption to total disposable income, indicating how much income is spent on goods and services.

APS

Average Propensity to Save, a macroeconomic term that refers to the proportion of total income which is saved by households in an economy.