Question

The value of average propensity to save can never be greater than 1.
True. Average propensity to save can never be greater than 1 as savings can never be more than national income.

Answer 1

True.

APS refers to Average Propensity to save which defines the amount of savings in every 1 rupee of income for all level of income which can never be more than one as savings can never be more than or equal to income because there is always a part of income that is utilized for consumption.