4487EconomicsMedium
The marginal propensity to save (MPS) is?
Athe average amount of income that is saved
Bthe ratio of saving to income
Cthe fraction of a change in income that is saved
Dthe ratio of income to saving
Correct answer
C. the fraction of a change in income that is saved
Explanation
The correct answer is the fraction of a change in income that is saved.