Question 15 of 37
Q.The Average Propensity to consume is measured by :
(a) Y/C
(b) C/Y
(c) C+Y
(d) C x Y
Puducherry TnboardTamil Nadu HSC (DGE) Commerce Board 2022MCQ· 1mImportance★★★★★
41% · 15/37 Questions
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Start your 14-day free trial to unlock the full solution →APC is consumption divided by income, i.e. C/Y, so option (b) is correct.
The Average Propensity to Consume (APC) measures the proportion of total income (Y) that is devoted to consumption (C):
APC = C / Y
…
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