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

---

Definitions:

Nominations

The act of proposing or suggesting someone for a position, role, award, or recognition within a formal or informal context.

Neglected

Overlooked or given insufficient attention or care, often leading to adverse effects on development, maintenance, or relationships.

Nonindustrialized Societies

Societies that rely more on subsistence forms of agriculture, fishing, and hunting, lacking the complex industrial base of more developed societies.

Sibling Roles

The distinct functions individuals adopt within the family structure in relation to their siblings, influenced by birth order, personality, and family dynamics.