Answered: The MPS is 1 + MPC. O the change in…

The MPS is 1 + MPC. O the change in saving divided by the change in income. total saving divided by total income. income divided by saving

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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Question

The MPS is
1 + MPC.
the change in saving divided by the change in income.
total saving divided by total income.
income divided by saving

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