Economy, asked by ananyaarora1909, 6 months ago

If MPC=0.4 and change in income is 1000 crore , what will be change in savings

Answers

Answered by rushikadam10
2

Explanation:

MPC+MPS = 1

0.4+ MPS = 1

MPS = 1 - 0.4

MPS = 0.6

MPS = marginal propensity saving

dy= Change in income

ds = change in saving

MPS = ds/dy

0.6 = ds / 1000,00,00,000

ds = 0.6× 1000,00,00,000

ds = 600,00,00,000

Change in saving = 600,00,00,000

Answered by sehejarora75
0

Answer:

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Explanation:

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