1AssignmentInstitution AffiliationDate2$1700-$1200 = 500MPS + MPC=1So savings increased from -$100 to $900 therefore;500/1000= 0.51 Mps = mpc1-0.5 =0.5 or or one-half3References1. Paukert, F. (1973). Income distribution at different levels of development: A survey ofevidence. Int'l Lab. Rev., 108, 97.Name: MpcDescription:1. Paukert, F. (1973). Income distribution at different levels of development: A survey of ...
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