Which of the following can have a value more than 1?
i. APS
ii. APC
iii. MPS
iv. MPC

ii only

The correct answer is option 1: ii only

Let's analyze each option to determine which can have a value more than 1:

1.APS (Average Propensity to Save): APS is calculated as the ratio of savings to income. Since savings cannot exceed income, APS cannot be more than 1.

2. APC (Average Propensity to Consume): APC is calculated as the ratio of consumption to income. If consumption exceeds income (for example, through borrowing or drawing on savings), APC can be more than 1.

3. MPS (Marginal Propensity to Save): MPS is the fraction of additional income that is saved. It cannot exceed 1 because it represents a portion of additional income.

4. MPC (Marginal Propensity to Consume): MPC is the fraction of additional income that is consumed. It also cannot exceed 1 because it represents a portion of additional income.