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During Jons first year of working, he had income of $40,000 and consumed $35,000. During Jons second year of working, he had income of $45,000

During Jon’s first year of working, he had income of $40,000 and consumed $35,000. During Jon’s second year of working, he had income of $45,000 and consumed $38,000. Given this information, what is Jon’s marginal propensity to consume?

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