If the APS is .1,we saveA) 1 percent of our income.B) 9 percent of our income.C) 10 percent of our income.D) 90 percent of our income.

Question

Isabela FreireSalazar · Accepted Answer

Final Answer : C, Explanation :  APS (Average Propensity to Save) is the proportion of total income that is saved. If the APS is 0.1, then it means 10% of our income is saved. Therefore, the correct answer is C) 10 percent of our income.

If the APS is .1,we save

A) 1 percent of our income.
B) 9 percent of our income.
C) 10 percent of our income.
D) 90 percent of our income.

Definitions

Learning Objectives

Learning Objectives

Related questions