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dimaraw [331]
3 years ago
7

The marginal propensity to consume is the: a overall portion of disposable income that is consumed (and not saved) b amount by w

hich disposable income increases when consumption increases by $1.c portion of a one dollar bill that is on average spent on consumption.d amount by which consumption increases when disposable income increases by $1.
Business
1 answer:
Neporo4naja [7]3 years ago
8 0

Answer:

.d amount by which consumption increases when disposable income increases by $1.

Explanation:

The marginal propensity to consume is measured by measuring what proportion of a $1 increase in income is spend on consumption, so if the marginal propensity to consume is 0.85 it means that when income increases by $1 consumption will increase by $0.85 as (0.85*1)= 0.85

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3 years ago
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ArbitrLikvidat [17]

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4 0
3 years ago
Recently, the level of gdp has declined by $60 billion in an economy where the marginal propensity to consume is 0.75. aggregate
Paha777 [63]

Answer:

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6 0
4 years ago
Read 2 more answers
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