Suppose an Individual's Marginal Propensity to Save Is 0

question 59

Multiple Choice

Suppose an individual's marginal propensity to save is 0.3. If his income increases by £100, by how much will his consumption increase?

• A) £30
• B) £100
• C) £70
• D) £3

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Definitions:

Sexist Remark

A derogatory or disrespectful comment that discriminates or stereotypically categorizes someone based on their gender.

Sexist Behavior

Actions or attitudes that perpetuate stereotypes or bias based on gender, often disadvantaging women.

Achievement Motivation

A psychological concept that refers to an individual's desire to accomplish goals and excel in tasks.

High Standards

Expectations that are significantly above what is considered average or normal, often applied to performance, quality, or behavior.