Question

IF Pc= 0.7 then derive the value of APS​

Answer 1

Answer:

APC refers to average propensity to coumse which defines the amount of consumption in every 1 rupee of income from all level in in a APC = consumption /incomes APS refer to average propensity to save which define the amount of saving/income

income (Y). 100 200 500

consumption. 80 120 150

saving. 20 80 350

APC 0.8 0.6 0.3

APS 0.2 0.4 0.7