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Suppose When John's Income Increased from $10,000 to $15,000,his Consumption

Question 188

Multiple Choice

Suppose when John's income increased from $10,000 to $15,000,his consumption increased from $3,000 to $4,500.What is the value of his marginal propensity to save?


A) 0.7
B) 0.3
C) 0.2
D) 0.8

Correct Answer:

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