Write short note on Average Propensity to Consume. – InterviewSolution

1.	Write short note on Average Propensity to Consume.
Answer» The average propensity to consume (APC) refers to the PERCENTAGE of INCOME spent on goods and services rather than on SAVINGS. A PERSON can determine the percentage of income spent by DIVIDING the average household consumption, or what is spent, by the average household income, or what is earned. The inverse of the average propensity to consume is the average propensity to save (APS).

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