The APC can be defined as the fraction of a

change in income that is not spent

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change in income that is spent

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specific level of total income that is not consumed

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specific level of total income that is consumed

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Solution

The correct option is D
specific level of total income that is consumed

The APC expresses the percentage of income consumed at any given level of income.

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20 %

R s 2050 c r o r e s

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