an economy sees consumption increase by 5455million when disposable income increases by 9746 ass

Name: an economy sees consumption increase by 5455million when disposable income increases by 9746 assuming the marginal propensity to consume remains constant what is the marginal propensity to save please
Uploaded: 2023-10-16T02:00:30-08:00
Duration: 1 min 21 s
Channel: Nick Johnson
Description: an economy sees consumption increase by 5455million when disposable income increases by 9746 assuming the marginal propensity to consume remains constant what is the marginal propensity to save please

Question

Chandra Jain · Accepted Answer

First, we need to understand what marginal propensity to consume (MPC) and marginal propensity t

Question

An economy sees consumption increase by $545.5million when disposable income increases by $974.6. Assuming the marginal propensity to consume remains constant, what is the marginal propensity to save? Please round to the closest two decimal places.

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