MAY 2025Foundation
Which of the following is true in respect of relation of Marginal Propensity to Consume (MPC) and Marginal Propensity to Save (MPS) as per the Keynesian theory of determination of National Income?
A
(A) MPC = MPS
B
(B) MPC+MPS = 1
C
(C) MPC+MPS = 0
D
(D) No relation exists between MPC and MPS