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Answer to Question #210570 in Macroeconomics for Krau

Question #210570

If the marginal income is $5,000 and the marginal propensity to save is 0.30, savings is:


A. $90


B. $1,590


C. $3,500


D. $1,500


E. None of the above


1
Expert's answer
2021-06-28T01:41:04-0400

D. $1,500


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