Question 37
HardOriginal questionAn economy's consumption schedule:
| Income (₹ crore) | 0 | 100 | 200 | 300 | 400 |
|---|---|---|---|---|---|
| Consumption (₹ crore) | 40 | 115 | 190 | 265 | 340 |
What is the APS when income is ₹400 crore?
Show the answer and explanation
CorrectNot quiteAnswer A
Correct answer: A
Explanation
Saving at Y = 400: 400 − 340 = 60.
APS = 60 ÷ 400 = 0.15.
Worth noting
0.25 is the MPS. APS and MPS differ because of autonomous consumption.
- Concept
- APS from a schedule
- Typical timeTypical
- 100 s
- Your timeYours
- —
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