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Determination of Income and Employment — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsDetermination of Income and Employment1 Mark
Question
Define marginal propensity to save?
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Answer

Marginal Propensity to Save (MPS) is the ratio of change in saving to change in income, i.e., $\text{MPS}=\frac{\Delta\text{S}}{\Delta\text{Y}}.$

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