Asked by
Esther Gomez
on Oct 13, 2024
Verified
If the APC is .7,we save
A) 3 percent of our income.
B) 7 percent of our income.
C) 30 percent of our income.
D) 70 percent of our income.
APC
Average Propensity to Consume, which is a measure of the percentage of income that is spent on goods and services rather than being saved.
Income
Funds regularly amassed from labor or capital invested.
- Achieve comprehension regarding the Average Propensity to Consume (APC) and Average Propensity to Save (APS).
Verified Answer
JZ
Learning Objectives
- Achieve comprehension regarding the Average Propensity to Consume (APC) and Average Propensity to Save (APS).