Asked by
Stephanie Krupa
on Nov 30, 2024
Verified
If the APS is -0.4,the APC is
A) -0.6.
B) -0.4.
C) 0.
D) 0.6.
E) 1.4.
APS
Average Propensity to Save, the fraction of income that is saved rather than spent on consumption goods.
APC
This stands for Average Propensity to Consume, which is the percentage of income that an individual or population spends rather than saving.
- Digest the foundational aspects of Average Propensity to Consume (APC) and Average Propensity to Save (APS).
- Gain an understanding of the mathematical correlation existing between APC and APS, noting their nature of being inversely proportional.
Verified Answer
SK
Learning Objectives
- Digest the foundational aspects of Average Propensity to Consume (APC) and Average Propensity to Save (APS).
- Gain an understanding of the mathematical correlation existing between APC and APS, noting their nature of being inversely proportional.