If the Average Propensity to Save (APS) Is 0

question 335

Multiple Choice

If the average propensity to save (APS) is 0.70, then this means

• A) people are saving 70 percent of their disposable income.
• B) people are spending 70 percent of their disposable income.
• C) people are saving 70 percent of their amount of consumption.
• D) people are spending 70 percent of their amount of saving.

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Definitions:

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The reproduction of recorded sound or music through speakers or headphones.

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A favorable or beneficial factor or set of circumstances that gives someone or something a superior position.

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A brand and type of washing machine known for its durability and reliability, manufactured by the Maytag Company.

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