Economics · Macroeconomics
Which of the following correctly defines the Average Propensity to Save (APS)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It is the savings per unit of income.✓
- 2It is the change in saving per unit change in income.
- 3It is the consumption per unit income.
- 4It is the change in consumption per unit change in income.
Correct answer
It is the savings per unit of income.
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