99. The fraction, or percentage, of total income which is consumed is called the

A. break-even income.
B. consumption schedule.
C. marginal propensity to consume.
D. average propensity to consume.

Question

99. The fraction, or percentage, of total income which is consumed is called the

A. break-even income.
B. consumption schedule.
C. marginal propensity to consume.
D.  average propensity to consume.

BlackTom AI · Accepted Answer

First, let’s parse the question: it asks for the term describing the fraction or percentage of total income that is consumed. Now we examine each option in turn.
Option A: break-even income. This term is usually used in production or cost analysis to describe the level of income at which total costs equal total revenue, not the share of income that is consumed. Therefore, it does not fit the concept described in the question.
Option B: consumption schedule. A consumption schedule is a tabulation showing the relationship between national income and the total amount consumed, rather than the specific fraction or percentage of income consumed. While related, it’s not the term for the actual proportion itself.
Option C: marginal propensity to consume (MPC). MPC measures the change in consumption resulting from a one-unit change in income. It is about the slope of the consumption function, not the share of total income consumed. Since the question seeks a proportion of total income consumed, MPC is not the correct term.
Option D: average propensity to consume (APC). APC is defined as the ratio of total consumption to total income, i.e., the fraction or percentage of income that is consumed. This directly matches the description in the question, making it the correct concept.
In summary, the options help distinguish between related ideas (break-even concepts, schedules, and marginal propensity) and the specific measure of the consumption share, which is the average propensity to consume.

ECNM1115.32542.202530 Macroeconomics Spring 2025 Final

99. The fraction, or percentage, of total income which is consumed is called the A. break-even income. B. consumption schedule. C. marginal propensity to consume. D. average propensity to consume.

查看解析

登录即可查看完整答案

类似问题

If the Keynesian consumption function is written asthen the average propensity to consume is:

John Maynard Keynes believed that the average propensity to consume:

The average propensity to consume is the:

100. If there is a decrease in disposable income in an economy, then A. both the APC and the APS rise. B. the APC rises and the APS falls. C. the APC falls and the APS rises. D. both the APC and the APS fall.

43. As disposable income goes up, the A. average propensity to consume falls. B. average propensity to save falls. C. volume of consumption declines absolutely. D. volume of investment diminishes.

In a consumer society, many adults channel creativity into buying things

Economic stress and unpredictable times have resulted in a booming industry for self-help products

People born without creativity never can develop it

更多留学生实用工具

考试浏览器助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单