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Copolla Et Al

question 38

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Copolla et al. (1998) gave students at Duke University digital cameras and told them to go to different areas on campus and take a picture every two minutes. Based on known physical regularities in the environment, what would you expect the photos to reveal?


Definitions:

Marginal Propensity

The ratio of change in an economic variable, such as consumption or saving, to a change in another, like income.

Consumption Spending

The total amount of money spent by households and consumers on durable goods, nondurable goods, and services.

Income

Money received, especially on a regular basis, by an individual or business in exchange for providing labor, goods, or services, or through investing.

MPC (Marginal Propensity to Consume)

The proportion of an increase in income that is spent on consumption rather than being saved.

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