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Question
Can the value of APC be greater than one?
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Solution
APC refers to
Average Propensity to Consume which defines the amount of consumption in every
1 rupee of income for all level of income which can be more than one as
long as consumption is more national income, i.e. before the break-even point,
APC > 1.
APC refers to Average Propensity to Consume which defines the amount of consumption in every 1 rupee of income for all level of income which can be more than one as long as consumption is more national income, i.e. before the break-even point, APC > 1.
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