BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Average Proportion to Consume
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Average Propensity to Consume
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Alternate Propensity to Consumption
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Average Propensity of Consumers
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Detailed explanation-1: -Average propensity to consume (APC) measures the percentage of income that is spent rather than saved. This may be calculated by a single individual who wants to know where the money is going or by an economist who wants to track the spending and saving habits of an entire nation.
Detailed explanation-2: -The average propensity to consume (APC) is the ratio of consumption expenditures (C) to disposable income (DI), or APC = C / DI.
Detailed explanation-3: -Average Propensity to Consume (APC) Marginal Propensity to Consume (MPC) Meaning. It is the ratio of consumption expenditure to the corresponding income level. It is the ratio of change in consumption expenditure to the change in total income.
Detailed explanation-4: -A type of immune cell that boosts immune responses by showing antigens on its surface to other cells of the immune system. An APC is a type of phagocyte. Also called antigen-presenting cell.
Detailed explanation-5: -The formula for average propensity to consume is as follows: Average Propensity to Consume = Consumption/Total Disposable Income. Thus, abbreviated as APC = C / DI.