Asked by
Lashai Perkins
on Nov 30, 2024
Verified
When the APC is greater than one,
A) the APS is negative.
B) the APS is zero.
C) the APS is positive.
D) the APS may be positive,zero or negative.
APS
The Average Propensity to Save, which is the proportion of income that households save rather than consume.
- Comprehend the mathematical correlation between APC and APS, specifically acknowledging their inversely proportional relationship.
Verified Answer
AB
Learning Objectives
- Comprehend the mathematical correlation between APC and APS, specifically acknowledging their inversely proportional relationship.