The average propensity to consume indicates the:
A)amount by which income exceeds consumption.
B)relationship between a change in saving and the consequent change in consumption.
C)percentage of total income that will be consumed.
D)percentage of a change in income that will be consumed.
Answer:C
The average propensity to consume indicates the:
A)amount by which income exceeds consumption. B)relationship between a change in saving and the consequent change in consumption. C)percentage of total income that will be consumed. D)percentage of a change in income that will be consumed.