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NextQ151

Assuming for an imaginary economy, consumption at zero level of income and break-even level of income is Rs. 50 and Rs. 200 respectively. Choose the correct value of Marginal Propensity to Consume (MPC), from the following :

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Question 150

Select the correct formula to calculate the value of Marginal Propensity to Save (MPS) : I. Change in Savings (delta S) / Change in Consumption (delta C) II. Change in Savings (delta S) / Change in Income (delta Y) III. 1 - Marginal Propensity to Consume (MPC) IV. Change in Income (delta Y) / Change in Savings (delta S)

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