The marginal propensity to consume is calculated as
A) consumption expenditure divided by the change in disposable income.
B) the change in consumption expenditure divided by disposable income.
C) consumption expenditure divided by total disposable income.
D) the change in consumption expenditure divided by saving.
E) the change in consumption expenditure divided by the change in disposable income.
Correct Answer:
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Q5: Use the figure below to answer the
Q6: When the consumption function lies below the
Q7: The marginal propensity to consume
A)is negative if
Q8: If the marginal propensity to consume is
Q9: Use the figure below to answer the
Q11: Use the figure below to answer the
Q12: If a household's disposable income increases from
Q13: The marginal propensity to consume is the
A)fraction
Q14: The marginal propensity to save is calculated
Q15: Use the figure below to answer the
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