Answer to Question #251881 in Macroeconomics for bianca

Question #251881

IF the marginal propensity to consume is 80 percent, an increase in the national income of R100 billion would

Expert's answer

"100-80 = 20"%

"\\frac{20}{100} \u00d7 100"

"= 20"

Therefore, this will increase the savings by R20 billion.

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