Question

Q.25 An economy is in equilibrium. From the following data, calculate the marginal propensity to save :
(a) Income = 10,000 (b) Autonomous consumption = 500 (c) Consumption expenditure = 8,000 (4)

Answer 1

Explanation:

An economy is in equilibrium. From the following data, calculate the marginal propensity to save :

(a) Income = 10,000 (b) Autonomous consumption = 500 (c) Consumption expenditure = 8,000.