The marginal propensity to save (MPS) is equal to
A) MPC + 1. B) 1 + MPC. C) 1 - MPC. D) MPC - 1.
C
Economics
You might also like to view...
If a country experiences a real GDP growth rate of 4 percent, real GDP will double in
A) 14 years. B) 23.3 years. C) 25 years. D) 35 years. E) 17.5 years.
Economics
National income accountants define investment to include:
a) any increase in business inventories. b) the addition of cash to a savings account. c) the purchase of common or preferred stock. d) the purchase of any durable good, for example, an automobile or a refrigerator.
Economics