Match the following: 1. Marginal propensity to consume A. 1 2. Average propensity to consume B. \(\frac{ΔC }{ ΔY}\) 3. Sum of average propensity to consume and average propensity to save C. 1 - MPC 4. Marginal propensity to save D. \(\frac{C }{ Y}\)

1-B, 2-D, 3-C, 4-A 1-B, 2-D, 3-A, 4-C 1-A, 2-D, 3-B, 4-C 1-D, 2-B, 3-A, 4-C

1-B, 2-D, 3-A, 4-C

Marginal propensity to consume is the ratio of change in consumption to change in income. The average propensity to consume is the ratio of consumption to income. Sum of APC and APS is equal to 1 i.e. APS + APC = 1, whereas the sum of MPS and MPC is also equal to 1, which makes the equation like: MPS = 1 - MPC