The marginal propensity to consume (MPC) is computed as the change in:
a. consumption divided by the change in savings.
b. consumption divided by the change in disposable personal income.
c. consumption divided by the change in GDP.
d. None of these.
b
Economics
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Trend-wise, the worldwide population is going as follows:
a. More rural b. More urban c. Larger family size d. Rapidly decreasing in places like Sao Paolo, Brazil
Economics
Refer to the indifference curve in Figure 3.3. Which of the following statements is correct?
A) This individual receives no satisfaction from Good A. B) This individual receives no satisfaction from Good B. C) This individual will only consume A and B in fixed proportions. D) none of the above
Economics