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Question
Marginal Propensity to Save is equal to ______
Options
ΔS - ΔY
`"Y"/"S"`
`(Δ"S")/(Δ"Y")`
S - Y
MCQ
Fill in the Blanks
Solution
Marginal Propensity to Save is equal to `underline((Δ"S")/(Δ"Y")).`
Explanation:
MPS (Marginal Propensity to Save) is an economic indicator of how savings change when income changes.
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