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Determination of Income and Employment — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsDetermination of Income and Employment1 Mark
Question
Define Average Propensity to Save.
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Answer

Average Propensity to Save is the ratio of aggregate saving (S) to aggregate income (Y).$\text{APS}=\frac{\text{S}}{\text{Y}},$ i.e. it refers to the amount of total income which is saved.

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