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
Answer:
Homologous structure
Explanation:
Homologous structures refers to organs or bones that have similar anatomical features found in different animals that are suggested to have the same common ancestor and serves as an evidence of evolution.
Whakes, humans and cats have similar bones in the same order but different in function.
It would be D. Water molecules are split apart and the byproduct of that would be the O2. As energy enters the chloroplasts, the energy excited the H2O molecules and causes them to split
Charles Darwin's evolutionary theory enables us to establish cause and effect in biology, including those associated with a person's overall character. The evolutionary biologist Theodosius Dobzhansky wrote: "Nothing in Biology Makes Sense Except in the Light of Evolution". It's a well-known statement on the evolutionary theory and their implications in all spheres of biology
Convergent evolution suggests different organisms evolved similarly due to similar environments.
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