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Aggregate Demand, Consumption & Saving · Question 33 of 60

Question 33

MediumOriginal question

At the break-even level of income, the APC is

0Correct answerYour answer1Correct answerYour answergreater than 1Correct answerYour answerequal to the MPCCorrect answerYour answer

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CorrectNot quiteAnswer B

Correct answer: B

At break-even, C = Y, so APC = C ÷ Y = 1 and APS = 0.

Concept: APC at break-even
Typical timeTypical: 70 s
Your timeYours: —

The rule this testsAPC, MPC, APS and MPS

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