Answered: If a person income was 1560 Rial and…

If a person income was 1560 Rial and his new income is 2250 Rial. His old consumption was 840 and new consumption is 1350. Please calculate the MPC and MPS.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp

Section: Chapter Questions

Problem 7WNG

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1.If a person income was 1560 Rial and his new income is 2250 Rial. His old consumption was 840 and new consumption is 1350. Please calculate the MPC and MPS.

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