3) Which formula is correct?A)S=Y₁-CB) Ya+S=CC) 2(Yd) - S = CD) Ya+C = S4) Which of the following is true?A) MPC-MPS = 1B) MPC + MPS = 1C) MPC MPS = 1*D) MPC / MPS = 1

Income-Expenditure Model:The income-expenditure model is a simplified representation of the…

Answered: 3) Which formula is correct? A) S=Y₁-C…

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3) Which formula is correct? A) S=Y₁-C B) Y₁+ S=C C) 2(Y)- S = C D) Ya+C = S

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Question

3) Which formula is correct?
A)
S=Y₁-C
B) Ya+S=C
C) 2(Yd) - S = C
D) Ya+C = S
4) Which of the following is true?
A) MPC-MPS = 1
B) MPC + MPS = 1
C) MPC MPS = 1
*
D) MPC / MPS = 1

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