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Yesterday, 07:15

3. If you consume $1 for every $2 you earn in income, your average propensity to consume

(APC) is

A. 30%

B. 20%

C. 50%

D. 100%

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Answers (1)
  1. Yesterday, 07:55
    0
    Answer: C

    Explanation: You consume $1 for every $2 you earn. That would be half of what you earn you consume.
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