Match List I with List I

Chose the correct answer from the options given below :

A-IV, B-I, C-II, D-III

The correct answer is option (4) : A-IV, B-I, C-II, D-III

Explanation :

- A. $\frac{ΔC}{ΔY}$ :This represents the marginal propensity to consume (MPC), indicating the change in consumption for a change in income.

- B. $\frac{S}{Y}$:This represents the average propensity to save (APS), indicating the average saving as a proportion of income.

- C. $\frac{ΔS}{ΔY}$:This represents the marginal propensity to save (MPS), indicating the change in saving for a change in income.

- D. $\frac{C}{Y}$:This represents the average propensity to consume (APC), indicating the average consumption as a proportion of income.