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In an economy, investment increases from 300 to 500. As a result of this equilibrium level of Income increases by 2,000.

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In an economy, investment increases from 300 to 500. As a result of this equilibrium level of Income increases by 2,000. Calculate the marginal propensity to consume.

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ΔI = 500 - 300 = 200

hence MPC = 1 - MPS = 9/10 = 0.9

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