The Textbook Describes 5 Different Areas Which Are Important for Wellness

question 4

Multiple Choice

The textbook describes 5 different areas which are important for wellness for students. Which of the following is not included?

• A) Emotional
• B) Intellectual
• C) Spiritual
• D) Collaborative

---

Definitions:

APC

The abbreviation for Average Propensity to Consume, which is the fraction of income that is spent on consumption rather than saved.

Marginal Propensity

This term explains the tendency of an individual or household to spend an additional unit of currency. For example, the marginal propensity to consume indicates how much consumption will increase with an additional dollar earned.

Disposable Income

The residual financial resources for households to use in saving and spending post paying income taxes.

Savings Rate

The Savings Rate is the percentage of income that is not spent on consumption but instead saved for future expenses, investments, or emergencies.