I do not have the passage, but here are the meanings that the word presume can have:
- to assume something to be true without really knowing if it is true or not.
- to be arrogant about what you have.
If you want to understand the meaning of a word in the context of a passage, it is important to read the whole text so you can identify what the word specifically means in that passage.
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MPC stands for "marginal propensity to consume," which refers to a rise in consumer spending for every unit of income level achieved.
Marginal propensity to save (MPS) is the percentage of a person's income that they put away for savings for every unit that their income level rises.
Spending multiplier = Increase in income level for each unit increase in autonomous spending = 1/(1-MPC) = 1/MPS Spending multiplier = Increase in income level for each unit increase in autonomous expenditure. This is further explained below.
<h3>What is a multiplier?</h3>
Generally, the amount by which the return on investment is greater than the investment itself is referred to as the investment's return on investment (ROI).
In conclusion, Marginal propensity to save (MPS) is the percentage of a person's income that they put away for savings for every unit that their income level rises.
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Answer: In court a witness is a person who saw it all happen and if your a witness the court would want you to explain what you saw or what happened.
Explanation:
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