The Average Propensity to Consume Is the

question 48

Multiple Choice

The average propensity to consume is the

• A) percentage of total disposable income consumed.
• B) rate at which real disposable income changes as autonomous consumption changes.
• C) ratio of changes in planned consumption to changes in real disposable income.
• D) slope of the consumption function.

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Definitions:

Income

Steady income derived from professional efforts or investing.

Hamburgers

A widely enjoyed dish made from a patty of minced meat, typically beef, served between the halves of a cut bun.

Wage Rate

The amount of compensation a worker receives per unit of time or per task completed.

Gardenburger Makers

Companies or entities involved in the production of Gardenburger, a brand of meatless burgers.