The Marginal Propensity to Save Is Given by

question 46

Multiple Choice

The marginal propensity to save is given by

• A) the change in saving divided by the change in consumption.
• B) saving divided by the change in disposable personal income.
• C) saving divided by disposable income.
• D) the change in saving divided by the change in disposable personal income.

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Definitions:

Charles's Law

A principle in physics that states the volume of a gas increases with increasing temperature, provided the pressure is constant.

Inspiratory Reserve Volume

The additional amount of air that can be inhaled after a normal inhalation, increasing lung volume.

Expiratory Reserve Volume

The additional amount of air that can be expelled from the lungs after a normal exhalation.