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pattytcakes pattytcakes
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2 weeks ago
The Marginal Propensity to Consume and the Marginal Propensity to Save


ConsumptionDisposable Income
$600$800
8001250
10001700

Given the data in the table, the marginal propensity to save (MPS) is ________. (Round to the nearest hundredth.)

▸ 0.75

▸ 0.56

▸ 0.41

▸ 0.44
Textbook 

Macroeconomics


Edition: 3rd
Authors:
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jpinette86jpinette86
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2 weeks ago
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More solutions for this book are available here
0.56

The formula for the marginal propensity to save is: [1 - (change in consumption / change in disposable income)].
1

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pattytcakes Author
wrote...

2 weeks ago
Thank you, thank you, thank you!
wrote...

Yesterday
Good timing, thanks!
wrote...

2 hours ago
Thanks
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