Suppose an economy has a marginal propensity to consume of 0.66 along with $38,039 consumption taking place when disposable income is $44,238.  What would disposable income be if you observe a consumption level of $45,239?  Round your answer to two digits after the decimal.

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Q: Can MPC be negative or greater than 1? Why or why not

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Q: The value of MPS is 0.93 Calculate MPC

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Q: Calculate the value of MPS is 0.8 calculate MPC

A: # The formula for marginal propensity to consume is given as:- MPC = 1 - MPS

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Q: calculate the value of MPS when MPC is given to be as 0.37

A: # The relationship between MPS and MPC is given to be as :- MPS + MPC = 1

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