1
answer
0
watching
162
views

When disposable income increases from​ $400 billion to​ $500 billion, consumption expenditure increases from $450 billion to $525. What is the marginal propensity to consume, the change in saving, and the marginal propensity to save?

The marginal propensity to consume is ....

When disposable income increases from $400 billion to $500 billion, saving increases by ............billion.

The marginal propensity to save is ..........

 

For unlimited access to Homework Help, a Homework+ subscription is required.

Sonal Bahl
Sonal BahlLv10
15 Oct 2020

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Start filling in the gaps now
Log in