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Relationship between average propensity to saving and marginal propensity to save |
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Answer» Answer: APS REFERS to Average Propensity to SAVE which defines the amount of SAVINGS in every 1 rupee of income for all level of income which can be less than zero at income levels which are LOWER than the break-even point whereas Marginal Propensity to save refers to the percentage change in savings for every one rupee of ... |
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