Essay
Given the following table, fill in the values of the marginal propensity to save (MPS)and the marginal propensity to consume (MPC). Show that the MPC + MPS = 1. The numbers in the table are in billions of dollars.
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Correct Answer:
Verified
The MPC is defined as:
MPC = = = = 0.8
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Correct Answer:
Verified
MPC = = = = 0.8
T...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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