If the value of Average Propensity to Save is -0.6, what will be the value of Average Propensity to Consume?
Here, APS= - 0.6
Hence, APC= 1- APS, APC= 1- (- 0.6) = 1.6
If the value of Average Propensity to Save is -0.6, what will be the value of Average Propensity to Consume?
Here, APS= - 0.6
Hence, APC= 1- APS, APC= 1- (- 0.6) = 1.6