Whether or Not a Given Activity Is a Timewaster Depends

question 3

Multiple Choice

Whether or not a given activity is a timewaster depends on the

• A) purpose of the activity.
• B) the results of the activity.
• C) person performing the activity.
• D) how rapidly it is carried out.

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Definitions:

Consumption

The total value of goods and services consumed by households and businesses.

APC

Average Propensity to Consume, the fraction of total disposable income that households plan to spend on consumption as opposed to saving.

Income

The financial gain accrued by an individual or entity within a specified period, often through wages, salaries, or investments.

APC

Usually refers to Average Propensity to Consume, which is the fraction of income spent on consumption rather than saved.