Question

Define marginal propensity to save.

Answer 1

A marginal propensity to save (MPS) refers to the proportion of a pay raise that a consumer spends on saving rather than on goods and services

Answer 2

Marginal propensity for the save refers as proportion of aggregate raise in pay in which the consumer spend saving instead of consumption of goods with many number services.

Marginal Propensity To Save is the main component in the high end Keynesian macroeconomic theory that are especially calculated with changes in the savings divided by change in income.

Sloped line are created by plotting change.