state whether true or false and give reasons: 1. APS is always greater than 0 2. APS can never be less than 0 3. when APS is negative, MPS will also be negative. 4. sum of APC and MPC is always equal to 1. 5. the value of APS can never be greater than 1.
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1. false aps can also be 0 when all of the income is spent on consumption then saving=0.
2. false it can be less than 0 as saving can be negative in situation of more consuption
3. false mps cannot be negative
4. no because either mpc+mps=1 or aps+apc=1
5. true because saving cannot be more than 100%
2. false it can be less than 0 as saving can be negative in situation of more consuption
3. false mps cannot be negative
4. no because either mpc+mps=1 or aps+apc=1
5. true because saving cannot be more than 100%
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