The marginal propensity to consume equals

A) consumption expenditure divided by the change in disposable income.
B) the change in consumption expenditure divided by disposable income.
C) the change in consumption expenditure divided by the change in disposable income.
D) consumption expenditure divided by disposable income.
E) the change in autonomous consumption divided by the change in induced consumption.

C

Economics

You might also like to view...

The government can close an inflationary gap by reducing government spending

Indicate whether the statement is true or false

Economics

What is typically used for cross country comparisons of GDP?

a. purchasing power parity (PPP) b. exchange rate c. GDP per capita d. GDP

Economics