Suppose an Individual's Marginal Propensity to Save Is Equal to 0.7

question 83

Multiple Choice

Suppose an individual's marginal propensity to save is equal to 0.7, what is his marginal propensity to consume?

• A) 1
• B) -0.7
• C) 0.3
• D) 0

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Definitions:

Biochemical

Pertaining to the chemical processes and substances that occur within living organisms.

Social Network

A structure made up of individuals or organizations that are connected by one or more specific types of interdependency, such as friendship, kinship, common interest, or relationships of beliefs, knowledge, or prestige.

Eating Behaviors

Patterns or habits related to how individuals consume food, including food choices, eating speed, and meal timing, which can impact overall health.

Enjoyable Exercise

Physical activity that is pleasing and fun, encouraging regular engagement and promoting health.