Question on: SS3 Economics - Concept of Savings, Investment And Consumption And Their Determinants, APC and MPC, APS and MPS
What is the relationship between MPC, MPS, APC, and APS?
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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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