Is there a value for Average Propensity to Consume when Income is zero?
Solution:
As any given level of income consumption can not be zero. there is always a minimum consumption at least for survival even if income is zero. The value of APC can be less than 1. As at any given level of income consumption can be less than the income.
As any given level of income consumption can not be zero. there is always a minimum consumption at least for survival even if income is zero. The value of APC can be less than 1. As at any given level of income consumption can be less than the income.