Average propensity to consume
A) is the same as the break-even point.
B) gives the amount a person changes planned consumption for a change in real disposable income.
C) is the amount of consumption that is independent of the level of disposable income.
D) is the proportion of total disposable income that is consumed.
D
Economics
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An increase in the government's budget surplus means
a. public saving is greater than $0 and increasing. b. public saving is greater than $0 and decreasing. c. public saving is less than $0 and increasing. d. public saving is less than $0 and decreasing.
Economics
A proportional tax rate
a. rises as the tax base rises. b. falls as the tax base rises. c. imposes an equal sacrifice on all income levels. d. remains unchanged as the tax base rises.
Economics