The Marginal Propensity to Import Is Calculated as

question 67

Multiple Choice

The marginal propensity to import is calculated as

• A)imports divided by the change in real GDP.
• B)the change in imports divided by real GDP.
• C)imports divided by real GDP.
• D)the change in imports divided by the change in real GDP.
• E)1-MPC.

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Definitions:

Supply Chain

The entire system of producing and delivering a product or service, from the raw material stage to the end user, encompassing all processes and logistics.

Raw Ingredients

Basic materials that are used in the production of goods, usually in reference to food production or manufacturing.

Manufactured Goods

Items that have been processed and transformed into final products through the use of labor, machinery, and equipment in factories.

Electronic

Pertaining to technology that operates on electricity, including circuits, devices, and systems used for communications, computing, and control.