Genesis Brines
Wednesday, August 3, 2011
Please can someone help me with this calcuation - MPC (marginal propensity to consume!)?
If the MPC is 0.8 and government levies a net income tax rate of 0.3 then the MPC out of disposable income becomes: a) 0.56 b) 0.24 c) 0.5 d) 0.6
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