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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%

Answer :

jenlamb1309 jenlamb1309

Today at 3:05 PM

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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