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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The following are true of mole ratio
- They are expressed as ratio of mass to molar mass
- It is measured in moles
<h3>How to calculate the mole ratio</h3>
The formula for calculating the mole ratio is expressed according to the formula shown:
Mole ratio is the ratio of the mass of a substance to the molar mass of the same substance.
To calculate the mole ratio
Mole = Mass(g)/molar mass(g/mol)
Hence the following are true of mole ratio
- They are expressed as ratio of mass to molar mass
- It is measured in moles
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