Question

If the marginal propensity to consume (mpc) of a consumer is 0.8 what is the marginal propensity to save (mps)?
a) 0.3
b) 0.2
c) 0.8
d) 0.6​

Answer 1

Answer:

MPS=0.2

Explanation:

MPC+MPS=1 so mps= 1-0.8