Economy, asked by saiquafarheen68, 1 month ago

Define Average Propensity to Consume. How is it measured ?​

Answers

Answered by PIKASO
3

Answer:

The average propensity to consume can be referred to as the percentage of income spent on goods and services by an individual. It is arrived at by dividing the total amount spent on household consumption by the total disposable income.

Answered by kavithasenthil15
1

Answer:

The average propensity to consume can be referred to as the percentage of income spent on goods and services by an individual. It is arrived at by dividing the total amount spent on household consumption by the total disposable income.

Explanation:

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