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MAXImum [283]
4 years ago
11

The marginal propensity to consume (mpc) is the: Select one: a. amount by which disposable income increases when consumption inc

reases by $1.
Mathematics
1 answer:
Vesnalui [34]4 years ago
5 0

As per our research the complete question is

<em>The marginal propensity to consume (mpc) is the:</em>

<em>A) amount by which disposable income increases when consumption increases by $1.</em>

<em>B) amount by which consumption increases when disposable income increases by $1.</em>

<em>C) percentage by which consumption increases when disposable income increases by 1%.</em>

<em>D) percentage by which disposable income increases when consumption increases by 1%</em>

Answer:

The correct answer is <em>B) amount by which consumption increases when disposable income increases by $1.</em>

Step-by-step explanation:

The marginal propensity to consume (mpc) is the extra consumer spending arising from an increase in national income

Suppose you receive a $500 bonus on top of your normal annual earnings. You suddenly have $500 more in income than you did before. If you decide to spend $400 of this marginal increase in income on a new suit and save the remaining $100, your marginal propensity to consume will be 0.8 ($400 divided by $500).

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