The change in imports caused by a one unit change in income is the marginal propensity
A) to spend.
B) to import.
C) to save.
D) to consume.
Correct Answer:
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Q8: Which of the following would not raise
Q9: Which of the following would not lower
Q10: If the MPS is 0.4, and savings
Q11: If the MPC is 0.8, and savings
Q12: When Richard's income is £20,000 he saves
Q14: Income increased by £1,000 and imports increased
Q15: If the marginal propensity to import is
Q16: Which of the following best describes the
Q17: The multiplier can be calculated using which
Q18: The effect of a sustained increase in
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