-Refer to Table 11.1. The marginal propensity to consume is:

Name: -Refer to Table 11.1. The marginal propensity to consume is:
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The marginal propensity to consume (MPC) is typically calculated as the change in consumption divided by the change in income. Without the specific data from Table 11.1, the most common textbook example often uses 0.75 as a typical MPC value.