Examlex
This graph shows three different budget constraints: A,B,and C.
If Don has budget constraint C in the graph shown,what is the trade-off he faces in terms of the two goods?
APC
This stands for Average Propensity to Consume, which is the percentage of income that an individual or population spends rather than saving.
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.
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