Asked by
Dante Pasquale
on Nov 30, 2024
Verified
The APS rose from about .02 in the first quarter of 2008 to ________ in the second quarter of 2009.
A) .025
B) .042
C) .057
D) .102
APS
Average Propensity to Save; it is a macroeconomic term that represents the proportion of income that is saved rather than spent on consumption. It is calculated by dividing total savings by total income.
- Gain insight into the connection between savings rates and the economic environment across diverse countries and chronological spans.
- Get acquainted with the idea of Average Propensity to Consume (APC) and Average Propensity to Save (APS).
Verified Answer
AC
Learning Objectives
- Gain insight into the connection between savings rates and the economic environment across diverse countries and chronological spans.
- Get acquainted with the idea of Average Propensity to Consume (APC) and Average Propensity to Save (APS).