The Fraction of an Increase in Income That Is Saved

question 117

Multiple Choice

The fraction of an increase in income that is saved is referred to as the _____.

• A)marginal propensity to save
• B)average propensity to save
• C)marginal propensity to consume
• D)average propensity to consume
• E)saving-consumption ratio

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Definitions:

Routing File

A document or digital file that specifies the path or process operations through which a piece of work or order will pass for completion.

Item's Flow

The movement and progress of items through a production or supply chain process from raw materials to finished products.

Work-Centre Master File

A work-centre master file is a comprehensive database containing details about production centers in a manufacturing environment, including capabilities, capacities, and scheduling information.

Wage and Hour Law

Legislation that sets the standards for minimum wage, overtime pay, and other administrative requirements affecting employees in their place of work.