-How Much Is the Average Propensity to Save When Disposable

question 181

Multiple Choice

$$\begin{array} { c c } \text { Disposable Income } & \text { Consumption } \\0 & \$ 200 \text { billion } \\\$ 200 \text { billion } & 300 \text { billion } \\400 \text { billion } & 400 \text { billion } \\600 \text { billion } & 500 \text { billion } \\800 \text { billion } & 600 \text { billion }\end{array}$$
-How much is the average propensity to save when disposable income is $400 billion?

• A)0
• B).25
• C).50
• D).75
• E)1.0

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Definitions:

Patent Law

A legal framework that gives inventors exclusive rights to their inventions for a certain period, preventing others from making, using, or selling the invention without permission.

Sole Ownership

Legal status where a single individual or entity retains exclusive ownership and control over property or a business.

Average Revenue

The amount of income generated per unit of sale or average price at which a product is sold.

Demand Curve

An illustrated chart depicting the correlation between a good or service's price and the amount consumers want to buy during a certain period.