Multiple Choice
Suppose the marginal propensity to consume out of disposable income is 0.6 and the marginal propensity to import is 0.14.If the net tax rate is 0.1,then what is the marginal propensity to spend in this economy?
A) 0.30
B) 0.40
C) 0.46
D) 0.50
E) 0.60
Correct Answer:
Verified
Correct Answer:
Verified
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