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APC= 1-APS. It is
- a)True
- b)FALSE
- c)Depends on their values
- d)None of these
Correct answer is option 'A'. Can you explain this answer?
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Verified Answer
APC= 1-APS. It isa)Trueb)FALSEc)Depends on their valuesd)None of these...
The sum of the Average Propensity to Consume (APC) and Average Propensity to save (APS) is always equal to unity, i.e., APC + APS = 1. It is so because the money income can either be spent on consumption or it can be saved.
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APC= 1-APS. It isa)Trueb)FALSEc)Depends on their valuesd)None of these...
Average Propensity to consumer +average Propensity to save = 1
because if (say) 1/2 of total income is spent, then the other half (1/2) of total income must be saved. ((Y=C+S))
because if (say) 1/2 of total income is spent, then the other half (1/2) of total income must be saved. ((Y=C+S))
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APC= 1-APS. It isa)Trueb)FALSEc)Depends on their valuesd)None of these...
1=Aps+APC so I can say that APC= 1-ApsOrAps= 1-ApcOrIf APC value is one then Aps is zeroAnd also Aps is one then APC is zero
It is depends upon value of APC and APS
It is depends upon value of APC and APS
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APC= 1-APS. It isa)Trueb)FALSEc)Depends on their valuesd)None of theseCorrect answer is option 'A'. Can you explain this answer?
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