The Change in Saving Divided by the Change in Income

question 14

Multiple Choice

The change in saving divided by the change in income is the:

• A) marginal propensity to save.
• B) saving function.
• C) average propensity to save.
• D) extra propensity to save.

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Definitions:

Problem Solving

A mental process involving the discovery, analysis, and resolution of problems to overcome obstacles and find a solution that resolves the issue effectively.

Finding An Analogy

The process of identifying a similarity between two different things, typically for the purpose of explanation or clarification.

Very Difficult Problem

A task or issue that is significantly challenging to solve or overcome, often requiring complex solutions or innovative thinking.

Automaticity

Automaticity refers to the ability to perform tasks or processes without conscious effort, often as a result of learning and repetition.