The Average Propensity to Consume Is

question 91

Multiple Choice

The average propensity to consume is

• A) real consumption expenditures divided by real disposable income.
• B) real disposable income divided by real consumption expenditures.
• C) real consumption expenditures divided by real saving.
• D) real saving divided by real consumption expenditures.

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Definitions:

Low Tech

Technologies or products that are characterized by simplicity and lack of advanced features, often appealing due to their ease of use and reliability.

High Effort

Pertains to tasks or activities that require a significant amount of work, time, or resources to complete.

Monetary Compensation

Payment received by an employee from an employer in the form of money for the services performed, which may include wages, salaries, and bonuses.

Service Failure

A situation where a service does not meet the customer's expectations, leading to dissatisfaction and potentially damage to the service provider's reputation.