The Marginal Propensity to Consume (Mpc)is The

question 44

Multiple Choice

The marginal propensity to consume (mpc) is the:

• A)amount by which disposable income increases when consumption increases by $1.
• B)amount by which consumption increases when disposable income increases by $1.
• C)percentage by which consumption increases when disposable income increases by 1 percent.
• D)percentage by which disposable income increases when consumption increases by 1 percent.