Match List I with List II

Choose the correct answer from the options given below:

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

MPC i.e. Marginal propensity to consume is the ratio of change in consumption to change in income. \(\frac{ΔC }{ ΔY}\)

MPS i.e. Marginal Propensity to save is the ratio of change in savings to change in income. \(\frac{ΔS }{ ΔY}\)

APS i.e. Average propensity to save is the ratio of savings to income. \(\frac{S }{ Y}\)

APC i.e. Average propensity to consume is the ratio of consumption to income. \(\frac{C }{ Y}\)