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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China would be the best market for American-made goods in the future.
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Split-leaf philodendron will cost $22.4752.
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The statement 'south of London' is an example of 'absolute location' is false.
Explanation:
A location can be said to be an absolute location when it is defined with exact longitudinal and latitudinal coordinates. For instance, the Royal Observatory in Greenwich, London can be said to be an example of 'absolute location' because its location can be pinpointed with the help of longitudes and latitudes. When we say south of London, it can be the entire area that falls south of London, which cannot be an example of an 'absolute location'.
