Examlex
Which of the following is not a basic theory of biology?
APS
The Average Propensity to Save, which is the proportion of total income that is saved rather than spent on consumption.
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.
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