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Question
Which of the following can have a negative value?
Which of the following can have a negative value?
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Solution
The correct option is C APS
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 be negative in situations when consumption is more than the national income leading to dis-savings in the economy i.e. before the break even point when APS<0.
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 be negative in situations when consumption is more than the national income leading to dis-savings in the economy i.e. before the break even point when APS<0.
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