If 100 Percent of Any Change in Income Is Spent

question 189

Multiple Choice

If 100 percent of any change in income is spent, the multiplier will be

• A)equal to the MPC.
• B)1.
• C)zero.
• D)infinitely large.

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Definitions:

Summarized

The presentation of data or information in a condensed form, highlighting the main points or statistics.

Proportions

A statistical measure that reflects the relationship of a part to the whole, often expressed as a fraction or percentage.

Median

Median is the middle value in a set of data when arranged in ascending or descending order, effectively dividing the dataset into two halves.

Ordered Array

A list of elements arranged in ascending or descending order based on their values.