Since 1970s, the share of income going to the poorest 20 percent of U.S. households has decreased, while the share of income going to the richest 20 percent of U.S. households has increased

The average propensity to consume (APC) is

A) the rate at which real consumption spending changes over time. B) the percentage of real disposable income saved. C) the percentage of additional real disposable income that will go toward additional consumption spending. D) the percentage of real disposable income consumed.

Production requires savings because production takes time, during which goods and services are not available from current production

Indicate whether the statement is true or false