Examlex
The reaction quotient for a gas phase reaction has a value of 2000. If the number of moles of reactants in the reaction equation is equal to that of the products, which of the following statements is definitely true?
APC
It stands for Average Propensity to Consume, indicating the fraction of income that is spent on consumption rather than savings.
APS
Average Propensity to Save, which is the fraction of income that is saved rather than spent on consumption, calculated as savings divided by disposable income.
APC
Average Propensity to Consume, the ratio of total consumption to total disposable income, indicating how much income is spent on goods and services.
APS
Average Propensity to Save, a macroeconomic term that refers to the proportion of total income which is saved by households in an economy.
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