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Given the Following Table, Fill in the Values of the Marginal

Question 64

Essay
Given the following table, fill in the values of the marginal propensity to save (MPS)and the marginal propensity to consume (MPC). Show that the MPC + MPS = 1. The numbers in the table are in billions of dollars.
  
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Given the following table, fill in the values of the marginal propensity to save (MPS)and the marginal propensity to consume (MPC). Show that the MPC + MPS = 1. The numbers in the table are in billions of dollars.
Given the following table, fill in the values of the marginal propensity to save (MPS)and the marginal propensity to consume (MPC). Show that the MPC + MPS = 1. The numbers in the table are in billions of dollars.     _____________________________________________________________________________________________ _____________________________________________________________________________________________
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Correct Answer:

verifed

Verified

The MPC is defined as:
MPC = = = = 0.8
T...

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