Suppose in a hypothetical economy the income rise from 25000 crores to 26000 crores. As a result the consumption expenditure rises from 2400 crores to 4600 crores, marginal propensity to consume in such care would be ----------------
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MPC = Change in consumption/Change in income
MPC = 4600*4000/6000-5000
MPC = 600/1000
MPC = 0.6
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