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Author Question: The Marginal Propensity to Consume and the Marginal Propensity to SaveIf the marginal propensity to ... (Read 102 times)

jmoore1989

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Question 1

The Marginal Propensity to Consume and the Marginal Propensity to Save

If the marginal propensity to consume (MPC) is 0.80, then a $10 million increase in disposable income will increase saving by ________ million. (Round to the nearest hundredth when appropriate.)
◦ $2
◦ $8
◦ $12.5
◦ $10

Question 2

The Marginal Propensity to Consume and the Marginal Propensity to Save

If the marginal propensity to save (MPS) is 0.20, then a $100 million increase in disposable income will increase consumption by ________ million. (Round to the nearest hundredth when appropriate.)
◦ $100
◦ $80
◦ $20
◦ $125


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Marked as best answer by jmoore1989 on Nov 23, 2022

psuniv

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jmoore1989

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Reply 2 on: Nov 23, 2022
Great answer, keep it coming :)


Laurenleakan

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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