If national income increases from $450 to $470 billion and savings increases from $15 to $20 billion, what is the marginal propensity to save (MPS)?Multiple choice question.0.2510.750.03

Total consumption is $3,680 when income is $4,000, and then total income increases to $5,520 when income rises to $6,000. Calculate the value of the marginal propensity to save.  (State your answer in hundredths, such as 0.21, for example.)

If the marginal propensity to save is 0.35. What is the size of the expenditure multiplier?Provide answer to one decimal point.

The marginal propensity to save for a household is given by MPS = 0.5 + Find the saving function of the household and determine the level of savings when y = 400, using the initial condition of f (400) = 1000 b. Determine the consumption function of the household.

Suppose John’s income increases from Rs.100 to Rs.200. At Rs.100, he saved Rs.10 and spent the remaining on the purchase of goods and services. At Rs.200, he consumes goods and services worth Rs. 160. What is his Marginal Propensity to consume

Select the correct answerThe ratio of expenditure and savings of a person is 5 : 3. If the income increases by 20% and the expenditure increases by 10%, then the person’s savings increase by?Options3 1/3%36 2/3%13 1/3%30 1/3%