The Portion of Additional Income That Is Spent on Consumption

question 101

Multiple Choice

The portion of additional income that is spent on consumption is:

• A) average propensity to consume (APC).
• B) marginal propensity to consume (MPC).
• C) marginal propensity to save (MPS).
• D) average propensity to save (APS).
• E) 1 minus marginal propensity to consume (1 - MPC).

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Definitions:

Opener

An initial statement or action that serves to open a conversation, meeting, or written document.

Presentation

A formal display or demonstration of information or products, often before an audience, using various media such as slides or videos.

Single Purpose

A focused objective for a piece of writing, ensuring that all content contributes to this main goal.

Oral Presentations

A spoken presentation or speech delivered to an audience for the purpose of sharing information or persuading.