Write the formula to calculate marginal propensity to consume.
Answers
Answered by
1
Explanation:
Understanding Marginal Propensity To Consume (MPC)
The marginal propensity to consume is equal to ΔC / ΔY, where ΔC is the change in consumption, and ΔY is the change in income. If consumption increases by 80 cents for each additional dollar of income, then MPC is equal to 0.8 / 1 = 0.8.
Similar questions
English,
5 months ago
World Languages,
5 months ago
Economy,
11 months ago
Geography,
11 months ago
English,
1 year ago