Question

When mpc and income is given how calculated saving

Answer 1

Explanation:

It is a fraction of any change in DI that is spent on consumer goods: MPC = ∆C / ∆DI. The marginal propensity to save (MPS) is the fraction saved of any change in disposable income. The MPS is equal to the change in saving divided by the change in DI: MPS = ∆S / ∆DI. 3.