Question

if MPC is given as 1 MPS will be​

Answer 1

$\bf \red{Answer}$

Mathematically, in a closed economy, MPS + MPC = 1, since an increase in one unit of income will be either consumed or saved. In the above example, If MPS = 0.4, then MPC = 1 - 0.4 = 0.6.

Answer 2

Explanation:

If MPS=0.4, then MPC= 1-0.4=0.6