ashleytorrao5069 ashleytorrao5069

26-10-2017
Business

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If aggregate expenditures increase by $12 billion and equilibrium gdp consequently increases by $48 billion, then the marginal propensity to save in the economy must be:

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Kalahira Kalahira

08-11-2017

The correct answer is 0.25 Marginal propensity is calculated by dividing expenditures by gdp. 12 / 48 = 0.25

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