Which one of the following is TRUE?
A) APS = 1 / MPS
B) APC = 1 - APS
C) MPS + APS = 1
D) APC * APS = 1

Name: Which one of the following is TRUE? A) APS = 1 / MPS B) APC = 1 - APS C) MPS + APS = 1 D) APC * APS = 1
Brand: Quizplus
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Question

Quizplus · Accepted Answer

APC (Average Propensity to Consume) and APS (Average Propensity to Save) are complementary, meaning APC + APS = 1. Therefore, APC = 1 - APS.

Which One of the Following Is TRUE