Which of the Following Correctly Defines the Average Propensity to Consume

question 403

Multiple Choice

Which of the following correctly defines the average propensity to consume (APC) ?

• A)change in planned consumption divided by change in real disposable income
• B)planned consumption divided by real disposable income
• C)real disposable income divided by planned consumption
• D)change in real disposable income divided by change in planned consumption

Identify the advantages and disadvantages of working for corporations, law firms, and government agencies as paralegals.

Recognize the supervisory structure for paralegals working in corporations.

Describe the roles and responsibilities of paralegals in corporate settings.

Understand the benefits of working for government agencies and the nature of their work.

---

Definitions:

Magnitude

The size, extent, or importance of something, which can be quantitative or qualitative in nature.

Correlation Coefficient

A statistical measure that describes the extent to which two variables change together, and the direction of this relationship.

Squared Value

A mathematical term that refers to a number multiplied by itself.

Variability

A measure of the spread or dispersion of a set of data points within a dataset.