Examlex
Which of the following is a dimension of design quality?
APC
The abbreviation for Average Propensity to Consume, which is the fraction of income that is spent on consumption rather than saved.
Marginal Propensity
This term explains the tendency of an individual or household to spend an additional unit of currency. For example, the marginal propensity to consume indicates how much consumption will increase with an additional dollar earned.
Disposable Income
The residual financial resources for households to use in saving and spending post paying income taxes.
Savings Rate
The Savings Rate is the percentage of income that is not spent on consumption but instead saved for future expenses, investments, or emergencies.
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