The fraction, or percentage, of total income which is consumed is called the

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The fraction or percentage of total income which is consumed is called the average propensity to consume (APC). The marginal propensity to consume (MPC) refers to the change in consumption resulting from a change in income, while a consumption schedule is a table showing the relationship between income and consumption, and break-even income refers to the level of income at which total revenue equals total cost.

The Fraction, or Percentage, of Total Income Which Is Consumed