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Write Short Note On: Average Propensity to Consume - Economics

Short Note

Write Short note on:

Average Propensity to Consume

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Solution

Average Propensity to Consume (APC) expresses the propensity to consume in aggregate terms. It shows the ratio of consumption expenditure to the level of income. Algebraically,

`APC = C/Y`

Concept: Concept of Aggregate Demand and Aggregate Supply
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APPEARS IN

Micheal Vaz Economics HSC 12th Standard Maharashtra State Board
Chapter 10 Determinants of Aggregates
Exercise | Q 2.4 | Page 94
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