The Canadian Consumption Function Is Given by C = 50

question 54

Multiple Choice

The Canadian consumption function is given by C = 50 + 0.75 Y.This implies that

• A)Canadians spend 75 percent of their income on average.
• B)Each Canadian spends 75 percent of her/his income.
• C)Canadians on average spend 75 cents out of each additional dollar earned.
• D)Canadians spend 50 dollars of their income on average.

---

Definitions:

Organizational Learning

The process by which an organization improves and evolves by acquiring new knowledge, understanding, and skills.

Leader Influence

The capacity of individuals in leadership positions to affect the behavior, attitudes, or development of their team or organization.

Direct Behaviors

Actions that are straightforward and clear in their intention or aim, without ambiguity.

Strategy and Programs

Refers to the planned set of actions and initiatives aimed at achieving specific organizational goals.