Essay
Given Table 8.9 below, fill in the values of the marginal propensity to save (MPS)and the marginal propensity to consume (MPC).Show that MPC + MPS = 1.
Table 8.9 
Correct Answer:
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The MPC is defined as:
MPC = 
= = = 0....View Answer
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Correct Answer:
Verified
MPC =
= = = 0....View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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