The Marginal Propensity to Consume (MPC) Is Computed as the Change

question 8

Multiple Choice

The marginal propensity to consume (MPC) is computed as the change in:

• A) consumption divided by the change in savings.
• B) consumption resulted by a given change in disposable personal income.
• C) consumption divided by the change in GDP.
• D) consumption multiplied by the change in savings.

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Definitions:

Responsibility

The duty or obligation to act properly, carry out tasks, or bear consequences for actions.

Cooperation

The process of groups or individuals working together towards a common goal or interest, often involving shared responsibilities or resources.

Support Personnel

refers to staff members who provide administrative or technical support in various settings, including legal, medical, educational, and corporate environments.

Clerical

Pertaining to office or administrative work, often involving routine documentation and record keeping.