Find marginal propensity to consume after change in rate

Reference no: EM13243344

If an editorial says that Americans are saving at lower amounts ie,20 years ago the average savings rate was 20% of disposableincome. The editorial predicted that this would drop to5 percent in less than five years.
Calculate the marginal propensity to consume after the change in the rate of savings.

Reference no: EM13243344

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