133k views
0 votes
Using the table below, calculate the APC and the APS.

Disposable Income Consumption
$10,000
$8,400
Instructions: Round your answers to 2 decimal places.
APC:
APS:

User Jasalguero
by
8.0k points

1 Answer

7 votes

Answer: It is not possible to calculate the APC and APS with only one data point. The APC (average propensity to consume) and APS (average propensity to save) are calculated by dividing total consumption and total savings by total disposable income, respectively. Since we only have one data point for disposable income and consumption, we cannot calculate these measures.

The APC and APS require data for multiple levels of disposable income and their corresponding levels of consumption and savings.

Explanation:

User Bengro
by
8.4k points