Mathematics · Macroeconomics Aptitude
In the context of an economy's consumption function, if the Marginal Propensity to Consume (MPC) is 0.6, then what is the value of the Marginal Propensity to Save (MPS)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1-0.6
- 20.16
- 30.36
- 40.4✓
Correct answer
0.4
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