Question
If households consumptionincreased (change in c ) by (80) when national income increased (change in y )by (100), then: The marginal propensity to consume (MPC)
"If households consumptionincreased (change in c ) by (80) when national income increased (change in y )by (100), then:"
The marginal propensity to consume (MPC) equals 0.85
The marginal propensity to save (MPS) equals 0.25
The marginal propensity to save (MPS) equals 0.20
The marginal propensity to save (MPS) equals 0.40
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Introductory Econometrics A Modern Approach
Authors: Jeffrey Wooldridge
7th Edition
1337558869, 978-1337558860
