MPS is defined as :
(
This question was previously asked in
Shift 05/06/2023 8:30 AM - 10:30 AM
A
Change in consumption per unit change in Income
B
Change in consumption per unit of Income
C
Change in savings per unit of Income
D
Change in savings per unit change in income
Correct Answer
Change in savings per unit change in income
Detailed Explanation
- Marginal propensity to save (MPS) refers to the proportion of a pay raise that a consumer saves rather than spends on immediate consumption.
- The multiplier effect measures the impact that a change in investment will have on final economic output.
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