Economics · Macroeconomics
In macroeconomic theory, which of the following identities correctly represents the relationship between the Average Propensity to Consume (APC) and the Average Propensity to Save (APS)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1APC + MPC = 1
- 2APC + APS = 0
- 3APC + APS = 1✓
- 4MPC + APS = 1
Correct answer
APC + APS = 1
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