Calculate the marginal propensity to save. You are given the following information about the economy of Australia:
Question:
Calculate the marginal propensity to save.
You are given the following information about the economy of Australia:
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Saving (billions of dollars per year) Disposable income 0 100 200 300 400 0 25 50 75 100
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The marginal propensity to save MPS can be calculated by divi...View the full answer
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Microeconomics Canada In The Global Environment
ISBN: 9780321931184
9th Edition
Authors: Robin Bade, Michael Parkin
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