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प्रश्न
With reference to the given diagram, which of the following is true at point B?
पर्याय
Slope of Consumption Curve = 0
Average Propensity to Consume = 0
Slope of Saving Curve = 1
Average Propensity to Consume = 1
MCQ
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उत्तर
Average Propensity to Consume = 1
Explanation:
At point B, consumption and income are exactly equal. There is no saving or dissaving at this point; therefore, the Average Propensity to Consume (APC) = 1. Every unit of income earned is completely spent on consumption, showing a perfect balance of income and expenditure.
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