The average propensity to consume (APC) equals A) the change in consu
The average propensity to consume (APC) equals
A) the change in consumption expenditures divided by the change in real disposable income.
B) real disposable income divided by consumption expenditures.
C) the change in real disposable income divided by the change in consumption expenditures.
D) consumption expenditures divided by real disposable income.
ANSWER
D
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