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प्रश्न
Define average propensity to consume (APC).
उत्तर
Average Propensity to Consume:
The average propensity to consume is the ratio of consumption expenditure to any particular level of income.” Algebraically it may be expressed as under:
Where, C = Consumption; Y = Income
APC = `C/Y`
Where, C = Consumption; Y = Income.
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