in an economy an increase in investment leads to an increase in national income 3 times more than increase in investment. calculate mpc
Question
Solution 1
The Marginal Propensity to Consume (MPC) can be calculated using the formula:
MPC = ΔC / ΔY
Where: ΔC = Change in consumption ΔY = Change in income
From the question, we know that an increase in investment leads to an increase in national income 3 times more than the increase in investment. This Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
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