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From the following data calculate marginal propensity to consume.

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From the following data calculate marginal propensity to consume.

(i) Equilibrium level of income = 2,000

(ii) Autonomous consumption = 200

(iii) Investment expenditure = 800

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Y = C bar + (MPS)Y + I

2000 = 200 + MPC(2000) + 800

2000 MPC = 2000 - 200 - 800

MPC = 1000/2000 = 0.5
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