-According to the data in the above table, what is the marginal propensity to save?

Question

Quizplus · Accepted Answer

The marginal propensity to save (MPS) is calculated as the change in saving divided by the change in income. If the data shows that when income increases, saving increases by a fraction of that increase, the MPS is that fraction. A common value for MPS is 0.25, indicating that for every additional dollar of income, saving increases by 25 cents.

-According to the Data in the Above Table, What Is