If the Average Propensity to Save (APS)is 0

question 301

Multiple Choice

If the average propensity to save (APS) is 0.60, then this means

• A)people are saving 60 percent of their disposable income.
• B)people are spending 60 percent of their disposable income.
• C)the marginal tax rate is 60.
• D)the government spends 60 percent of its revenues.

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Definitions:

Verbal Communication

The use of spoken or written words to convey information, ideas, and feelings.

Jargons

Specialized language or terms used by a particular group or profession that may be difficult for others to understand.

Vicariously Liable

Legal responsibility assigned to one party for the actions of another, usually in employer-employee relationships.

Sexual Harassment

Unwelcome sexual advances, requests for sexual favors, or other verbal or physical harassment of a sexual nature.