The Marginal Propensity to Consume Is the Slope of the Consumption

question 92

True/False

The marginal propensity to consume is the slope of the consumption function.

---

Definitions:

Statistic

A numerical characteristic derived from a sample, used to estimate aspects of a population.

Registered Voters

Registered Voters are individuals who are officially registered to vote in elections, typically a subset of the eligible voting population.

Parameter

A numerical characteristic that describes a statistical population, such as a mean or standard deviation.

Statistic

A single measure, calculated from a sample, used to estimate the value of a population parameter.