Which of the following is included in the simple aggregate expenditure model?

Refer to the above table. The table gives the combinations of real disposable income and real consumption for a college student for a year. What is the value of the average propensity to save equal when real disposable income equals $14,000?

A) 1.1 B) 0.91 C) 0.09 D) 0.7

One characteristic of an efficient tax system is that it minimizes the costs associated with revenue collection

a. True b. False Indicate whether the statement is true or false