Question

the summation of aps or apc always results unity. defend or refute the statement with valid argument​

Answer 1

Answer:

The sum of APC and APS is always equal to unity (1), i.e., APC + APS = 1. It is so, because income is either consumed or saved. Apparently if one is given, the other can be worked out. The value of APS can be negative when consumption expenditure becomes higher than income.