What is the relationship between MPC MPS APC an... - SS3 Economics Concept of Savings, Investment And Consumption And Their Determinants, APC and MPC, APS and MPS Question
What is the relationship between MPC, MPS, APC, and APS?
The relationship between MPC, MPS, APC, and APS can be described using the following equations: MPC + MPS = 1 and APC + APS = 1. These equations show that the marginal and average propensity must add up to 1.
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