The Table Given Below Reports the Consumption Expenditure of a Nation

question 59

Multiple Choice

The table given below reports the consumption expenditure of a nation at different levels of disposable income.?

-Refer to Table 9.1. At an income level of $10,000, the APS equals -0.20. Therefore, the APC has to be equal to:

• A) 0.20.
• B) 0.80.
• C) -1.20.
• D) 1.20.
• E) 1.80.

---

Definitions:

Valid Gift

A legal principle referring to a voluntarily transfer of property or a right from one individual to another, without any consideration or payment.

Consideration

The value (which can be in the form of goods, services, money, or a promise) exchanged between parties in a contract, making the agreement legally binding.

Delivery

In legal and commercial contexts, delivery refers to the act of transferring possession or control of an item, asset, or document from one party to another.

Acceptance

The agreement to the terms of an offer, contract, or proposal, thereby creating a binding contract.