If Your Disposable Personal Income Increases from $30 000 to $40

question 87

Multiple Choice

If your disposable personal income increases from $30 000 to $40 000 and your savings increase from $2000 to $4000, your marginal propensity to save (MPS) is:

• A) 0.2.
• B) 0.4.
• C) 0.5.
• D) 0.8.

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Definitions:

Core Values

Fundamental beliefs or guiding principles that dictate behavior and action within an organization or individual.

Servant Leadership

A leadership philosophy that emphasizes the leader's role as serving the needs of others, focusing on their growth and well-being.

Mentoring

A process in which an experienced individual supports and guides a less experienced person to help them develop specific skills and knowledge to enhance personal and professional growth.

Communications Competency

The ability to effectively convey, receive, and interpret messages through the process of interpersonal exchange.