If MPC=0.4 and change in income is 1000 crore , what will be change in savings
Answers
Answered by
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
0
Answer:
pls mark as brainleist
Explanation:
Similar questions
Accountancy,
3 months ago
Math,
3 months ago
Math,
6 months ago
Math,
6 months ago
Biology,
10 months ago