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Question Practice

If the MPC is 0.75, what does it signify?

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MCQ_SA
CBSE
Class 12
Economics
Introductory Macroeconomics
Determination Of Income And Employment
Question Bank

If the MPC is 0.75, what does ...

Single Answer MCQ
Q-00089080

If the MPC is 0.75, what does it signify?

1

All income is saved

2

75% of additional income is spent

3

Income does not affect consumption

4

Consumption decreases as income increases

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