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Marginal Propensity to save (MPS) is the ratio of change in total saving to change in total disposable income.Symbolically,
MPS = ?S/?Y
For example, total saving in an economy increase from $ 2,000 crore to $ 5,000 crore, and total disposable income rises from $ 10,000 crore to $ 20,000 crore. Then, the MPS will be calculated as follows:
What are the instruments of monetary policies
Indicate whether each of the following statements is true, false, or uncertain, and explain your answer. Your grade will depend primarily on the quality of your explanation.
7 people have jobs, 3 want to work but are not, and there are 20 adults. What is the participation rate?
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x=40-0.2p where x=x1+x2 c1=50+2x1+0.5x1 c2=100+10x2
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