Use app×
Join Bloom Tuition
One on One Online Tuition
JEE MAIN 2025 Foundation Course
NEET 2025 Foundation Course
CLASS 12 FOUNDATION COURSE
CLASS 10 FOUNDATION COURSE
CLASS 9 FOUNDATION COURSE
CLASS 8 FOUNDATION COURSE
0 votes
755 views
in Economics by (60.9k points)

What is the relationship between:

(i) Average propensity to consume and average propensity to save.

(ii) Marginal propensity to consume and investment multiplier.

1 Answer

0 votes
by (150k points)
selected by
 
Best answer

(i) The sum of APC and APS is equal to 1.

(ii) The higher the MPC, the greater is the value of multiplier.

Welcome to Sarthaks eConnect: A unique platform where students can interact with teachers/experts/students to get solutions to their queries. Students (upto class 10+2) preparing for All Government Exams, CBSE Board Exam, ICSE Board Exam, State Board Exam, JEE (Mains+Advance) and NEET can ask questions from any subject and get quick answers by subject teachers/ experts/mentors/students.

Categories

...