Skip to main contentSkip to solution

The change in consumption per unit change in income is known as:

Solution

✅ Correct Option: 3

Marginal Propensity to Consume is the change in consumption per unit change in income: MPC=ΔC/ΔYMPC = \Delta C/\Delta Y. APC is total consumption divided by income, while MPS and APS refer to saving, not consumption.

Keyboard Shortcuts

  • Left arrow: Previous question
  • Right arrow: Next question
  • S key: Jump to solution
  • Q key: Jump to question