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What Must the Value of the Average Propensity to Save

question 76

Essay

What must the value of the average propensity to save (APS)be if the average propensity to consume (APC)is greater than 1? Why?

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Definitions:

Ideal Image

A person's conception of something in its absolute perfection or an entity's representation of itself or its products as perfect or near perfect.

Constraint Commitment

The commitment to a course of action or to another person based on a sense of obligation arising from constraints or limitations.

Moral Commitment

The dedication to act in accordance with one's ethical principles and values, even in the face of personal cost or challenge.

Personal Dedication

A person's commitment or strong belief in dedicating themselves to a cause or activity.

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