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EconomicsJAMB UTME2020

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Earlier discussion

3 older comments kept for context.

Peter

0.8

Jj kalu

We have to use the formula APC=C/DI then you substitute the value and then your done

Oluwaseun Adeyemi

The average propensity to consume (APC) measures the percentage of income that is spent rather than saved.

The formular is gotten as: APC = C / DI

Income = 500

consumption = 400

\(\frac{400}{500}\) = 0.8