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If Income Rises from $10,000 to $20,000 and Savings Increases

Question 60

Multiple Choice

If income rises from $10,000 to $20,000 and savings increases from $9,000 to $16,000, then the marginal propensity to save is

A) 0.10.
B) 0.30.
C) 0.70.
D) 0.80.

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