Question 30
MediumOriginal questionRead the two statements and choose the correct option.
I. MPC + MPS = 1.
II. APC + APS = 1.
Show the answer and explanation
CorrectNot quiteAnswer C
Correct answer: C
Explanation
Extra income is consumed or saved, so MPC + MPS = 1. I is true.
Total income is consumed or saved, so C ÷ Y + S ÷ Y = 1. II is true.
- Concept
- Two identities
- Typical timeTypical
- 70 s
- Your timeYours
- —
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