Sheri,a US

question 10

Multiple Choice

Sheri,a U.S.citizen,works only in Germany.The value she adds to production in Germany is included

• A)in both German GDP and U.S.GDP.
• B)in German GDP,but is not included in U.S.GDP.
• C)in U.S.GDP,but is not included in German GDP.
• D)in neither German GDP nor U.S.GDP.

---

Definitions:

APS

Average Propensity to Save, the fraction of income that is saved rather than spent on consumption goods.

APC

This stands for Average Propensity to Consume, which is the percentage of income that an individual or population spends rather than saving.

APS

Average Propensity to Save; it is a macroeconomic term that represents the proportion of income that is saved rather than spent on consumption. It is calculated by dividing total savings by total income.

APC

Average Propensity to Consume, which is the fraction of income that a person or population spends rather than saving.