The Average Propensity to Save

question 296

Multiple Choice

The average propensity to save

• A)plus the average propensity to consume equals 1.
• B)is negative at very high levels of income.
• C)varies directly with income;as income rises,the APS falls.
• D)minus the average propensity to consume equals 1.

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Definitions:

Immigrant

An individual who moves to a country from another to live permanently or for an extended period.

Affirmative Action

A policy or a program promoting the representation and participation of minority groups and women in education, employment, and other areas.

Higher Education

Education provided by universities and other institutions that offer academic degrees and research opportunities beyond secondary education.

Tomás Almaguer

A scholar known for his work in American Ethnic Studies, notably on racial and ethnic identities in the United States, especially regarding Latino/Chicano communities.