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###### 6. The national savings function for Slugsylvania is 2Y2 + 5y + 7 where Y is...

6. The national savings function for Slugsylvania is 2Y2 + 5y + 7 where Y is annual income and S is annual savings, and both are measured in S billions a. Compute the marginal propensity to save and the marginal propensity to con b. Approximately what proportion of income is saved when Y is very large (as sume when Y10. Round vour answer to the nearest million. Y → 00)?

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