Match List I with List I
Chose the correct answer from the options given below : |
A-I, B-II, C-III, D-IV A-IV, B-III, C-II, D-I A-III, B-II, C-I, D-IV A-IV, B-I, C-II, D-III |
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. |