The marginal propensity to consume is defined as: Question 64 options: the ratio of change in consumption on both domestic and foreign items to the change in income average consumption as a proportion of income the ratio of the change in consumption on domestic items to the change in income the change in consumption on domestic items multiplied by the change in income the change in consumption on domestic and foreign items multiplied by the change in income
The marginal propensity to consume is defined as: Question 64 options: the ratio of change in consumption on both domestic and foreign items to the change in income average consumption as a proportion of income the ratio of the change in consumption on domestic items to the change in income the change in consumption on domestic items multiplied by the change in income the change in consumption on domestic and foreign items multiplied by the change in income
Chapter8: The Keynesian Model
Section: Chapter Questions
Problem 19SQ
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Question
The marginal propensity to consume is defined as:
Question 64 options:
|
the ratio of change in consumption on both domestic and foreign items to the change in income |
|
average consumption as a proportion of income |
|
the ratio of the change in consumption on domestic items to the change in income |
|
the change in consumption on domestic items multiplied by the change in income |
|
the change in consumption on domestic and foreign items multiplied by the change in income |
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