UPSC Exam > UPSC Questions > If APC is 0.7 then APS will bea)1b)0.7c)0.4d)...
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If APC is 0.7 then APS will be
- a)1
- b)0.7
- c)0.4
- d)0.3
Correct answer is option 'D'. Can you explain this answer?
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If APC is 0.7 then APS will bea)1b)0.7c)0.4d)0.3Correct answer is opti...
APC and APS
- APC stands for Average Propensity to Consume and APS stands for Average Propensity to Save.
- APC is the proportion of total income that a person or a household spends on consumption.
- APS is the proportion of total income that a person or a household saves.
Calculation of APS
- APS can be calculated by subtracting APC from 1 or by dividing saving by income.
- APS = 1 - APC
- If APC is 0.7, then APS = 1 - 0.7 = 0.3.
Explanation of answer
- The question asks for the value of APS when APC is 0.7.
- The formula for calculating APS is APS = 1 - APC.
- When APC is 0.7, APS can be calculated as APS = 1 - 0.7 = 0.3.
- Therefore, the correct answer is option 'D'.
- APC stands for Average Propensity to Consume and APS stands for Average Propensity to Save.
- APC is the proportion of total income that a person or a household spends on consumption.
- APS is the proportion of total income that a person or a household saves.
Calculation of APS
- APS can be calculated by subtracting APC from 1 or by dividing saving by income.
- APS = 1 - APC
- If APC is 0.7, then APS = 1 - 0.7 = 0.3.
Explanation of answer
- The question asks for the value of APS when APC is 0.7.
- The formula for calculating APS is APS = 1 - APC.
- When APC is 0.7, APS can be calculated as APS = 1 - 0.7 = 0.3.
- Therefore, the correct answer is option 'D'.
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If APC is 0.7 then APS will bea)1b)0.7c)0.4d)0.3Correct answer is option 'D'. Can you explain this answer?
Question Description
If APC is 0.7 then APS will bea)1b)0.7c)0.4d)0.3Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about If APC is 0.7 then APS will bea)1b)0.7c)0.4d)0.3Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If APC is 0.7 then APS will bea)1b)0.7c)0.4d)0.3Correct answer is option 'D'. Can you explain this answer?.
If APC is 0.7 then APS will bea)1b)0.7c)0.4d)0.3Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about If APC is 0.7 then APS will bea)1b)0.7c)0.4d)0.3Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If APC is 0.7 then APS will bea)1b)0.7c)0.4d)0.3Correct answer is option 'D'. Can you explain this answer?.
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