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Which of the Following Is True

question 146

Multiple Choice

Which of the following is true?
I. 1 − MPS = MPC where MPS = marginal propensity to save and MPC = marginal propensity to consume.
II. personal saving + consumption = gross income
III. ∆disposable income = ∆saving + ∆consumption where ∆ = change in

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Definitions:

Skills

The ability to perform tasks effectively and efficiently, often developed through experience, training, or education.

Potential Strengths

Abilities or qualities that could become significant assets if developed or leveraged effectively.

Weaknesses

Internal limitations or flaws that hinder an individual's or organization's ability to achieve its goals or maintain performance.

Teams

Groups of individuals working together towards a common goal, leveraging diverse skills and collaboration.

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