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waterman7833 waterman7833
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2 months ago
The Marginal Propensity to Consume and the Marginal Propensity to Save

If disposable income increases by $120 million and saving increases by $35 million, then the marginal propensity to save (MPS) is ________. (Round to the nearest hundredth.)

▸ -2.43

▸ 3.43

▸ 0.71

▸ 0.29
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
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nilabmirzadanilabmirzada
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0.29

The formula for the MPS is: change in saving divided by change in disposable income.
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waterman7833 Author
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2 months ago
Just got PERFECT on my quiz
jayfo05
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Smart ... Thanks!
lipop
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Thanks
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