Question

Whats is the maximum value of APS AND minimum value of APC in income employment chapter, macro eco, 12

Answer 1

Answer:

Explanation:

APC can be more than 1 but can never be 0

APS can never be 1 or more than 1 but can be 0 and less than 1

Answer 2

The maximum value of APC can be more than 1 but never be zero while the value of APS can be less than 1, can be zero, but not more than 1 or 1.

Explanation:

• APC is defined as the ratio of the consumption expenditure to the income.
• While in the case of APS, it is defined as the ratio of the savings to the income.
• Consumption expenditure is defined as the expense spent as a part of the consumption process while in the case of APS, the savings and income of a person are related with each other. Savings of a person denotes the amount of money left after expenditure.

To know more:

1) What does APC stand for?

https://brainly.in/question/16104044.

2) What is APS and why it is important

https://brainly.in/question/6768616