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Aggregate Demand, Consumption & Saving · Question 22 of 60

Question 22

EasyOriginal question

The marginal propensity to consume (MPC) is

Options for question 22

Show the answer and explanation
CorrectNot quiteAnswer B

Correct answer: B

Explanation

  1. MPC is the share of an extra rupee of income that is consumed.

Worth noting

C ÷ Y is the average propensity, APC.

Concept
MPC
Typical time
40 s
Your time
—
The rule this testsAPC, MPC, APS and MPS
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