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If income increases from $5 million to $6 million and saving increases from $750,000 to $1 million, what is the marginal propensity to consume?

If income increases from $5 million to $6 million and saving increases from $750,000 to $1 million, what is the marginal propensity to consume?
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If income increases from $5 million to $6 million and saving increases from $750,000 to $1 million, what is the marginal propensity to consume?

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User Grdaneault
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1 Answer

4 votes
The marginal propensity to consume will be 0.75
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User Burnee
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