Marginal Propensity to Consume Is

question 56

Multiple Choice

Marginal propensity to consume is:

• A) the portion of additional income that is saved.
• B) the portion of total income that is spent on consumption.
• C) the portion of additional income that is spent on consumption.
• D) the portion of total income that is saved.
• E) the portion of additional income that is taxed.

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Definitions:

Respect

An attitude of admiration or esteem towards a person, entity, or concept, often due to their abilities, qualities, or achievements.

Clarifying

Clarifying involves making something less confusing and more comprehensible through explanation or additional information.

Cultures

Cultures refer to the shared values, beliefs, norms, and practices of a group of people, often tied to a particular geographic region or social group.

Understanding

The ability to comprehend or grasp the meaning, significance, or nature of something.