which of the following carries a direct relationship with the rate of growth of an economy ?
a) APC. b )MPC.
c) APS. d )MPS
Dear Student,
Answer is (a) APC
(Because , Apc is equal to total consumption by total income. So economy growth can be measure by the consumption of the people.)
Regards.
Answer is (a) APC
(Because , Apc is equal to total consumption by total income. So economy growth can be measure by the consumption of the people.)
Regards.