formula of APS economics
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Answer:
Average Propensity to Save (APS): Average propensity to save refers to the ratio of saving to the corresponding level of saving income. APS = S/Y =30/ 100 = 0.30, i.e. 30% of the income is saved.
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Explanation:
The formula to calculate APS is total savings divided by income level for which we want to determine APS. For example, if the income level is 100 and total savings for that level is 30, thenAPS is 30/100 or 0.3. ... For example, if income is 0 and consumption is 30, then the APS value will be -0.3.
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