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Your current income is equal to 25,000. When your income changes by 5,000, your consumption expenditure changes by 3,000. What is the value of the

Your current income is equal to 25,000. When your income changes by 5,000, your consumption expenditure changes by

3,000.

What is the value of the marginal propensity to consume (MPC)?

1. MPC=????

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