If the Marginal Propensity to Save (MPS) in a Country

question 44

True/False

If the marginal propensity to save (MPS) in a country is 0.1, then any increase in autonomous expenditure would multiply output in the economy by 10.

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Definitions:

Hypothesis Problem

A question that forms the basis for a hypothesis test, usually framed as the challenge of determining whether an observed phenomenon can be attributed to chance or not.

Population Variances

The variance calculated for a set of values that represents an entire population, providing a measure of its overall spread.

Equal

Having the same quantity, measure, or value as another.

Population

In statistics, the complete set of items or individuals considered for a survey or study.