Following is consumption schedules for three private closed economies.DI signifies disposable income and C represents consumption expenditures.All figures are in billions of dollars.
-Refer to the above data.The marginal propensity to save:
Definitions:
Lump Sum
A single payment made at a particular time, as opposed to a series of payments made over time.
Future Value
The value of an investment or cash flow at a specified future date, considering the applied interest rate or rates of return.
Cash Flow Stream
A cash flow stream is a series of cash inflows and outflows over a period of time, typically used in financial analysis to determine the value or profitability of an investment.
Rate of Return
The gain or loss of an investment over a specified period, expressed as a percentage of the investment’s cost.
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