Solved

The Portion of Additional Income That Is Spent on Consumption

Question 41

Multiple Choice

The portion of additional income that is spent on consumption is


A) average propensity to consume APC) .
B) marginal propensity to consume MPC) .
C) marginal propensity to save MPS) .
D) average propensity to save APS) .
E) 1 minus marginal propensity to consume 1 - MPC) .

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents