The Marginal Propensity to Consume (MPC)is Defined as the Fraction

question 120

Multiple Choice

The marginal propensity to consume (MPC) is defined as the fraction of

• A)extra income that a household consumes rather than saves.
• B)extra income that a household either consumes or saves.
• C)total income that a household consumes rather than saves.
• D)total income that a household either consumes or saves.

---

Definitions:

Symbol

A sign, shape, or object that is used to represent an idea, object, or relationship.

Flatness

The degree to which a surface adheres to a perfectly flat plane, with minimal deviation.

Surface Elements

The basic visual and tactile aspects of a physical surface, including texture, smoothness, and other topographical features.

Symbol

A hallmark, icon, or language that points to, mirrors, or is accepted as indicating a perception, material, or affinity.