Respuesta :
The APC is 0.941 if consumers spend 94.1 percent of all discretionary income on goods and services and if they also spend 80 percent of every additional dollar.
What is Disposable Personal Income?
Income after taxes. After paying taxes, Americans' disposable income—the amount they have left over to spend or save—is crucial to the health of the entire economy. The calculation is straightforward: personal income less personal current taxes.
What is APC?
John Maynard Keynes created the idea of average inclination to consume to study the consumption function. It is a formula that divides the total consumption costs of a household by the sum of its income and autonomous consumption, then multiplies that amount by the marginal willingness to consume.
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The correct question is:
If the proportion of the total disposable income spent on consumer goods and services is 94.1 percent and if consumers spend 80 percent of each additional dollar, what is the APC?
