The Marginal Propensity to Save (MPS) in a Closed Economy

question 15

Multiple Choice

The marginal propensity to save (MPS) in a closed economy is 0.1. By how much will national output increase if autonomous expenditure increases by £200?

• A) 20
• B) 2000
• C) 200
• D) 1000

Recognize the impact of social and cognitive factors on motivation.

Understand the empirical basis of motivation theories through historical and contemporary research.

Discuss the interaction between nature and nurture in shaping behavior.

Explain the mechanisms of genetic inheritance and their relevance to behavior.

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Definitions:

Digital Footprint

The record or trail left by the activities of an individual, company, or entity in digital environments, including internet usage, communications, and information stored online.

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