Which of the following statements is true in regards to marginal propensity to save?

Statement 1- According to Keynesian theory, MPS varies between 0 and 1.

Statement 2- Marginal propensity to save can never be greater than 1.

Both statement 1 and statement 2 are true

Marginal propensity to save is defined as the ratio of change in savings to change in income. According to the Keynesian theory, it varies between 0 and 1. However, MPS can never be greater than 1 because change in savings can never be greater than change in income.