Asked by
mackenzie bemis
on Oct 13, 2024
Verified
If we consume 85 percent of our income,our APS is
A) -0.15.
B) 0.
C) 0.15.
D) .85.
APS
Average Propensity to Save, which is the fraction of total income that is saved by an economy or individual.
Income
The financial gain received by an individual or entity, usually in the form of wages, salaries, or returns from investments.
- Understand the principles behind Average Propensity to Consume (APC) and Average Propensity to Save (APS).
Verified Answer
DM
Learning Objectives
- Understand the principles behind Average Propensity to Consume (APC) and Average Propensity to Save (APS).