InterviewSolution
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InterviewSolution
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An economy is in equilibrium. Calculate marginal propensity to save from the following : National income = 15,000 Investment = 1,000 Autonomous consumption = 500 |
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Answer» `Y=bar(C)+(1-MPS) (Y) + I` `{:( "15,000 = 500+(1-MPS) 15,000 + 1,000"),(" =500+15,000-15,000 MPS + 1,000"):}]` `{:("15,000 MPS = 16,500-15,000=1,500"),("MPS"=("1,500")/("15,000")=0.1):}]` |
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