Rate of change in saving to change in income

1.	Rate of change in saving to change in income
Answer» Answer: Value. SINCE MPS is measured as ratio of change in savings to change in income, its value lies between 0 and 1. Also, MARGINAL propensity to save is opposite of marginal propensity to consume. Mathematically, in a closed economy, MPS + MPC = 1, since an INCREASE in one UNIT of income will be either consumed or saved Explanation:

Answer»

Answer:

Value. SINCE MPS is measured as ratio of change in savings to change in income, its value lies between 0 and 1. Also, MARGINAL propensity to save is opposite of marginal propensity to consume. Mathematically, in a closed economy, MPS + MPC = 1, since an INCREASE in one UNIT of income will be either consumed or saved

Explanation:

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Rate of change in saving to change in income​

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Rate of change in saving to change in income