Asked by
Nirali Patel
on Nov 30, 2024
Verified
If the APS is -0.2,the APC is
A) -0.8.
B) 0.
C) 0.2.
D) 0.8.
E) 1.2.
APC
Average Propensity to Consume, which is the fraction of income that a person or economy spends rather than saving.
- Familiarize yourself with the concept of Average Propensity to Consume (APC) and Average Propensity to Save (APS).
- Acquire knowledge on how APC and APS are mathematically linked, with a focus on their inverse proportionality.
Verified Answer
SK
Learning Objectives
- Familiarize yourself with the concept of Average Propensity to Consume (APC) and Average Propensity to Save (APS).
- Acquire knowledge on how APC and APS are mathematically linked, with a focus on their inverse proportionality.