1 in an economy when income increases from 400 billion to
1. In an economy, when income increases from $400 billion to $500 billion, consumption expenditure changes from $420 billion to $500 billion. Calculate the marginal propensity to consume the change in saving, and the marginal propensity to save.
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1 in an economy when income increases from 400 billion to 500 billion consumption expenditure changes from 420 billion
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