Answered: The marginal propensity to save is…

The marginal propensity to save is given by MPS = 0.5 - 0.2Y-1/2 . There is dissaving of GH¢3.5 when income is GH¢25. Find the sav

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter21: Fiscal Policy

Section: Chapter Questions

Problem 4SQ

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The marginal propensity to save is given by MPS = 0.5 - 0.2Y^-1/2. There is dissaving of GH¢3.5 when income is GH¢25. Find the savings function.

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