One among the following should be added to MPC to find the result 1 (one). Choose the correct answer:
(
This question was previously asked in
Shift 05/06/2023 8:30 AM - 10:30 AM
A
APS
B
APC
C
MPS
D
MPC
Correct Answer
MPS
Detailed Explanation
To find the result of 1 (one), you would add the **Marginal Propensity to Save (MPS)** to the **Marginal Propensity to Consume (MPC)**. This is because:
MPC + MPS = 1
The sum of MPC and MPS equals 1, which represents the entirety of income, with some being consumed (MPC) and the rest being saved (MPS).
So, the correct option to add to MPC to get the result of 1 is:
(3) MPS
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