The Income Elasticity of Imports Is Given By

question 4

Multiple Choice

The income elasticity of imports is given by:

• A)the percentage change in income over the percentage change in imports
• B)the change in imports over the change in income
• C)the marginal propensity to import over the average propensity to import
• D)the average propensity to import over the marginal propensity to import

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Definitions:

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