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Question - At the end of 2019, the country X households, increases the disposable income level by 1 (USD billions) and uses 0.8 of the increase for goods and services spending and the rest 0.2 to save for future investments.
Required -
1. Calculate the Marginal Propension to Consume. Show your Calculations.
2. Calculate the Marginal Propension to Save. Show your Calculations.
What is the total amount of deductions Chuck may take during the year with respect to the rabbit raising activity
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