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Author Question: The process by which a quantity grows at a constant proportion in every time period is referred to ... (Read 125 times)

moongchi

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on: Jun 30, 2018
The process by which a quantity grows at a constant proportion in every time period is referred to as:
 
  A) logarithmic growth. B) linear growth.
  C) vector growth. D) exponential growth.

Question 2

The average propensity to consume is the
 
  A) percentage of total disposable income consumed.
  B) ratio of changes in planned consumption to changes in real disposable income.
  C) rate at which real disposable income changes as planned consumption changes.
  D) slope of the consumption function.


olderstudent

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

A


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