Given: Equilibrium Income
C = 40 + 0.8 Y
So when income is 200, APC will be 1.
Average propensity to save(APS) is the ratio of saving to the level of saving income. It can never be 1 or more than 1 because savings can never be equal or more than the national income. However, APS can be negative or less than 1 because when income levels are lower people will consume less.
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