What is the maximum value of average propensity to save ?

Less than Unity

The correct answer is option (3) : Less than Unity

Less than Unity: This is a possible value for APS and often reflects typical saving behavior where individuals save a portion of their income.

APS can never be 1 because savings can never be equal to income as people spend a part of income on consumption.

APS cannot exceed 1 because savings cannot exceed income.