Economy, asked by tilak480, 8 months ago

How is APC and APS associated with National incom?

Answers

Answered by Darshan6362

Explanation:

APC refers to Average Propensity to Consume which defines the amount of consumption in every 1 rupee of income for all level of income where as APS refers to Average Propensity to save which defines the amount of savings in every 1 rupee of income for all level of income.

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