4An increase in spending of R25 billion increases income from R600 billion to R700 billion. The marginal propensity to consume is:

The marginal propensity to consume (MPC) measures the proportion of an increase in income that gets…

Answered: The marginal propensity to consume is:

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The marginal propensity to consume is:

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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An increase in spending of R25 billion increases income from R600 billion to R700 billion. The marginal propensity to consume is:

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