Examlex
1-94.Which of the following might explain why rates of depression are low in China and Japan?
APS
The Average Propensity to Save, which is the proportion of income that households save rather than consume.
MPC
The marginal propensity to consume, which is the portion of additional income that a consumer spends on goods and services.
Consumption
The total value of goods and services consumed by households and businesses.
APC
Average Propensity to Consume, the fraction of total disposable income that households plan to spend on consumption as opposed to saving.
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