If a person income was 1560 Rial and his new income is 2250 Rial. His old consumption was 840 and new consumption is 1350. Please calculate the MPC and MPS.
If a person income was 1560 Rial and his new income is 2250 Rial. His old consumption was 840 and new consumption is 1350. Please calculate the MPC and MPS.
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp
Section: Chapter Questions
Problem 7WNG
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1.If a person income was 1560 Rial and his new income is 2250 Rial. His old consumption was 840 and new consumption is 1350. Please calculate the MPC and MPS.
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