Examlex
Write the expression as a single logarithm. Assume all variables represent positive real numbers.
APS
Average Propensity to Save, a macroeconomic term that refers to the proportion of total income which is saved by households in an economy.
APC
Average Propensity to Consume, which is a measure of the percentage of income that is spent on goods and services rather than being saved.
Income
Funds regularly amassed from labor or capital invested.
APS
The abbreviation for "Aggregate Planning Strategy," a process in operations management to balance production and demand over a medium-term horizon; or it could refer to "Automatic Payment System," depending on context.
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