Examlex
What is the correct breakdown and translation of the abbreviation LTB?
APS
Average Propensity to Save; it is a macroeconomic term that represents the proportion of income that is saved rather than spent on consumption. It is calculated by dividing total savings by total income.
APC
Average Propensity to Consume, which is the fraction of income that a person or population spends rather than saving.
APS
The Average Propensity to Save, which is the proportion of total income that is saved rather than spent on consumption.
APC
It stands for Average Propensity to Consume, indicating the fraction of income that is spent on consumption rather than savings.
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