The Marginal Propensity to Import Is

question 73

Multiple Choice

The marginal propensity to import is:

• A)the change in imports divided by a change by exports.
• B)the change in imports divided by a change in consumption.
• C)the change in imports divided by a change in GDP.
• D)the change in imports multiplied by a change in GDP.

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Definitions:

Accounts Payable

Financial obligations a company owes to its suppliers or creditors for goods and services received.

Adjustments

Modifications made to improve functionality or performance, often referring to therapeutic manipulation of the spine or joints.

Single-Entry Bookkeeping System

An accounting method in which each financial transaction is recorded only once in account books; similar to a checkbook register; the journal for each transaction is recorded in one column, or on a single line, to account for either a positive or negative amount to demonstrate the receipt or disbursement of cash.

Checkbook Register

A record of all deposits, withdrawals, checks, and transactions made through a checking account.