Question on: JAMB Economics - 2024

MPC + MPS equals

A
Zero
B
Multiplier
C
One
D
APS
Ask EduPadi AI for a detailed answer
Correct Option: C

The sum of the Marginal Propensity to Consume (MPC) and the Marginal Propensity to Save (MPS) is always equal to one, because any extra income earned must either be consumed or saved.

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