Last year, Akua earned a salary of GHS 25000 and she spent GHS 24000 thus saving GHS1000. At the end of the year, she received a bonus of GHS 1000 and she spent GHS 500 of it saving the other GHS 500. What was her marginal propensity to consume?
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Akua's income increased by GHS 1000 (from her bonus). Show more…
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