Relation between MPC and MPS is correctl

CUET Preparation Today

Start Free Mocks

Home Questions U72WEQMSJV

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Determination of Income and Employment

Question:

Relation between MPC and MPS is correctly defined by which of the following?

Options:

MPC + MPS = 1

MPC = 1 – MPS

MPS = 1 – MPC

All of the above

Correct Answer:

All of the above

Explanation:

MPC + MPS = 1
MPC = 1 – MPS
MPS = 1 – MPC