The Marginal Propensity to Consume (Mpc)can Be Defined as the Fraction

question 72

Multiple Choice

The marginal propensity to consume (mpc) can be defined as the fraction of

• A)a change in income that is spent.
• B)a change in income that is saved.
• C)income that is spent.
• D)income that is saved.

---

Definitions:

Remittances

Money sent by immigrants back to their home country, often to family members, contributing significantly to the economy of the receiving country.

Immigrants

Individuals who move to a country different from their country of origin for the purposes of settling, working, or studying.

Financial Payments

Transactions involving the transfer of money or other monetary instruments from one party to another as compensation or for acquiring goods or services.

Immigration Effects

The impact of immigration on the economy, labor markets, and demographics of a country.