Y-2VF-8 VY+2 Suppose the savings function of a country is S = and savings (S) are measured in ringgit Malaysia (RM). Find the country's Marginal Propensity to Save (MPS) when the national income is RM150 billion. where the national income (Y)

Y-2VF-8 VY+2 Suppose the savings function of a country is S = and savings (S) are measured in ringgit Malaysia (RM). Find the country's Marginal Propensity to Save (MPS) when the national income is RM150 billion. where the national income (Y)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Y-2VT-8
VY+2
Suppose the savings function of a country is S =
and savings (S) are measured in ringgit Malaysia (RM). Find the country's Marginal
Propensity to Save (MPS) when the national income is RM150 billion.
where the national income (Y)

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