Post UTME Past Questions Agent
Your School's Whatsapp Group - Join Us now

MPC + MPS equals

Economics
JAMB 2024

MPC + MPS equals

  • A. Zero
  • B. Multiplier
  • C. One
  • D. APS
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
Correct Answer: Option C
Explanation

MPC (Marginal Propensity to Consume) and MPS (Marginal Propensity to Save) are two concepts used in economics to describe how individuals allocate their income between consumption and saving.
MPC represents the proportion of an additional unit of income that is consumed rather than saved. MPS represents the proportion of an additional unit of income that is saved rather than consumed. Therefore, MPC + MPS represents the total proportion of an additional unit of income that is either consumed or saved.
The sum of MPC and MPS is always equal to one, which means that every additional unit of income is either consumed o saved in its entirety. This is because income


Report an Error Ask A Question Download App
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent

Contributions ({{ comment_count }})

Please wait...

{{ settings.no_comment_msg ? settings.no_comment_msg : 'There are no comments' }}

Quick Questions

Post your Contribution

Please don't post or ask to join a "Group" or "Whatsapp Group" as a comment. It will be deleted. To join or start a group, please click here

{{ quote.posted_by.display_name }}
{{ settings.form_textarea_description }}
 
Your School's Whatsapp Group - Join Us now
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Your School's Whatsapp Group - Join Us now
Post UTME Past Questions Agent
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now