The Marginal Propensity to Consume Is the Ratio of Consumption

question 89

True/False

The marginal propensity to consume is the ratio of consumption to disposable income.

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Definitions:

Variance

A statistical measure that represents the dispersion or spread of data points in a data set.

Central Limit Theorem

A statistical theory that states that the distribution of sample means approximates a normal distribution as the sample size becomes larger.

Population Proportion

The proportion or percentage of a specific characteristic within the entire population.