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wallyboy wallyboy
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2 months ago
The Marginal Propensity to Consume and the Marginal Propensity to Save

If disposable income decreases by $110 million and consumption decreases by $65 million, then the marginal propensity to save (MPS) is ________. (Round to the nearest hundredth.)

▸ 0.59

▸ 1.69

▸ 0.69

▸ 0.41
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Macroeconomics

Macroeconomics


Edition: 3rd
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packar11packar11
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More solutions for this book are available here
0.41

The formula for the MPS is: 1 - (change in consumption divided by change in disposable income), or (change in disposable income - change in consumption) divided by change in disposable income.
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