Asked by
Yasmin Gonzalez
on Nov 30, 2024
Verified
The MPS is about
A) .9.
B) .85.
C) .8.
D) .75.
E) .7.
MPS
The marginal propensity to save, indicating the proportion of additional income that a household saves rather than spends on consumer goods.
- Understand the relevance of the marginal propensity to consume (MPC) and the propensity to save (MPS).
Verified Answer
PH
Learning Objectives
- Understand the relevance of the marginal propensity to consume (MPC) and the propensity to save (MPS).