What is mpc?

Report





Upload Image







Report Form



Question: What is mpc?

Topics: mpc

Paste old question below.


Available Answers: 1


Answer #1#

19


In economics, the marginal propensity to consume is a metric that quantifies induced consumption, the concept that the increase in personal consumer spending occurs with an increase in disposable income. In economics, the marginal propensity to consume (MPC) is defined as the proportion of an aggregate raise in pay that a consumer spends on the consumption of goods and services, as opposed to saving it. In layman's terminology, this means MPC is equal to the percentage of new income spent on consumption rather than saved. In economics, the marginal propensity to consume (MPC) is a metric that quantifies induced consumption, the concept that the increase in personal consumer. The expenditure and tax multipliers depend on how much people spend out of an additional. The Marginal Propensity to Consume (MPC) refers to how sensitive consumption in a given economy is to unitized changes in income levels.

Report

Answered By:
Ishana

Ishana

Bhilai, India

Only Logged in users can post reply.


More Questions


Login


Lost Password!

Create Account

Wait Processing...