answer quickly Suppose at the income level of SR 50,000 million, saving amounts to SR 11,000million. An income at SR 60,000 million, saving increased to SR 14,000 million. What is themarginal propensity to save for the Saudi economy?

consumer income is usually split into two part MPS and MPC which states that the part of income…

Answered: Suppose at the income level of SR…

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter17: Capital And Time

Section: Chapter Questions

Problem 17.3P

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Suppose at the income level of SR 50,000 million, saving amounts to SR 11,000 million. An income at SR 60,000 million, saving increased to SR 14,000 million. What is the marginal propensity to save for the Saudi economy?