write difference between APS and MPS
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ADVERTISEMENTS: Distinction between APS and MPS in Income! Simply put, total saving (S) divided by total income (Y) is called APS (APS = S/Y) whereas change in savings (∆S) divided by change in income (∆Y) is called MPS (MPS = ∆S/∆Y). ... Thus MPS can at the most be zero.
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ADVERTISEMENTS: Distinction between APS and MPS in Income! Simply put, total saving (S) divided by total income (Y) is called APS (APS = S/Y) whereas change in savings (∆S) divided by change in income (∆Y) is called MPS (MPS = ∆S/∆Y). ... Thus MPS can at the most be zero.
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