Based on the marginal propensity to save, MPS , the national income will increase by a maximum of $20 billion.
<h3>What is marginal propensity to save?</h3>
Marginal propensity to save (MPS) is a measure of how savings will change, given a change in income.
Marginal propensity to save is related to marginal propensity to consume, MPC by the formula:
Grom the given value of MPS,
MPC = 1 - 0.25
Therefore, MPC = 0.75
Also, the formula for calculating marginal propensity to consume is given as:
- Marginal propensity, MPC = ΔC/ΔY
Where:
- ΔC is a change in consumption
- ΔY is a change in income
ΔY = ΔC/MPC
ΔY = $15 billion/0.75
ΔY = $20 billion
Therefore, the national income will increase by a maximum of $20 billion.
Learn more about marginal propensity to save at: brainly.com/question/18521055
Humans cannot convert the sun's energy into glucose for themselves because humans lack <span>chlorophyll.</span>
Answer:
Density = mass/volume = 57g/4.2 mL ≈ 13.6 g/mL
Explanation:
Mass = 57 g Volume = 4.2 mL
The density of mercury is ⇒ 13.6 g/cm3.
Trust me I got it wrong and it gave me this. I just did the instruction.
Answer:
Intraspecific interactions, where they are the same species, or interspecific interactions, where they are from different species.