Answer:
Option d is correct.
Explanation:
We know that,
Income (Y) = Consumption (C) + Savings (S)
In can be written as
[tex]Y=C+S[/tex]
Dividing both sides by Y, we get
[tex]\dfrac{Y}{Y}=\dfrac{C+S}{Y}[/tex]
[tex]1=\dfrac{C}{Y}+\dfrac{S}{Y}[/tex]
[tex]1=APC+APS[/tex] [tex][\because APC=\dfrac{C}{Y}\text{ and }APS=\dfrac{S}{Y}][/tex]
Since APC+APS=1, therefore the correct option is d.
