If a household’s income falls from R20 000 to R17 000 and its consumption falls from R18 000 to R15 000, then its: a) marginal propensity to consume is –0,67. b) marginal propensity to consume is...


If a household’s income falls from R20 000 to R17 000 and its consumption falls from R18 000 to R15 000, then


its:


a) marginal propensity to consume is –0,67.


b) marginal propensity to consume is 0,88.


c) marginal propensity to consume is 0,20.


d) marginal propensity to save is zero.


e) marginal propensity to save is 0,12.

Aug 29, 2022
SOLUTION.PDF
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here
Have files?