When the Average Propensity to Save (APS)is 0

question 213

Multiple Choice

When the average propensity to save (APS) is 0.20, then this means

• A)people are spending 20 percent of their disposable income.
• B)people are spending 80 percent of their disposable income.
• C)people are saving $0.20 of the last dollar earned.
• D)people are spending 60 percent of their disposable income and investing the remaining 20 percent.

---

Definitions:

Constitutional Convention

A meeting held with the purpose of writing or amending a constitution. In the U.S. context, it refers to the 1787 convention where the Constitution was framed.

Federalists

Supporters of the ratification of the U.S. Constitution, who advocated for a strong national government.

Constitutional Amendment

A change or addition to the constitution, usually requiring a significant agreement process by legislatures and sometimes the public.

James Madison

Known as the "Father of the Constitution" for his pivotal role in drafting and promoting the United States Constitution and the Bill of Rights.