economics

Marginal propensity to save is 0.3. Calculate MPC. MPC is Marginal Propensity to Consume. And MPS is Marginan Propensity to Save. The relational equation between the two is: MPC + MPS = 1 To get MPC, we have: MPC = 1 - MPS The problem gives us MPS = 0.3, so plug it into this modified MPC...