Which one of the following expressions best describes the marginal propensity to consume? The MPC equals:
A) change in consumption/change in income.
B) consumption/income.
C) change in consumption/income.
D) consumption/change in income.

Question

Quizplus · Accepted Answer

The marginal propensity to consume (MPC) is defined as the change in consumption divided by the change in income, indicating how much of an additional unit of income will be spent on consumption.

Which One of the Following Expressions Best Describes the Marginal