Finn 1003 test 1 morris - Study guides, Class notes & Summaries

A person making $35,000 and spending $30,800 has an average propensity to consume of 80%. T/F - Answer- FALSE bc $30,800/$35,000= 88% Becky graduated with a master's degree in Personal Financial Planning. After working two years in a small financial firm, Becky earns $60,000 annually and saves $10,000 a year. What is her average propensity to consume? - Answer- 83.3 % bc ($60,000-$10,000)/$60,000= 83.33% _____ is an important part of the conflict resolution process regarding money m...