Economy, asked by kaurharjot2009, 7 days ago

If APS is 0.6 , how much value will be APC

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Answered by yashank2154

it is also known as the savings ratio, given by the formula APS = SY. (2) APC stands for Average propensity to consume and it is the ratio of total consumption expenditure (S) to the total disposable income (Y), given by the formula APC = CY. Hence, the APC of the economy is 0.4

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