The marginal propensity to consume is: the amount of consumption at a specific level of income. the fraction of a change in income that is consumed or spent. a change in saving divided by a change in consumption.

The marginal propensity to consume is: the amount of consumption at a specific level of income. the fraction of a change in income that is consumed or spent. a change in saving divided by a change in consumption.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The marginal propensity to consume is:

the amount of consumption at a specific level of income.

the fraction of a change in income that is consumed or spent.

a change in saving divided by a change in consumption.

consumption times income.

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