Economics · Macroeconomics
Which of the following is the correct formula for Marginal Propensity to Save (MPS)?
- 1MPS = ΔSΔY✓
- 2MPS = ΔS × ΔY
- 3MPS = ΔY - ΔS
- 4MPS = ΔS + ΔY
Correct answer
MPS = ΔSΔY
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