UNIT 03 / NATIONAL INCOME AND PRICE DETERMINATION

Multipliers3.2 test

100 questions with explanations after each answer.

Practice mode

QUESTION 01 / 100Easy

The marginal propensity to consume (MPC) is defined as

Select one answerATotal savings divided by total consumptionBThe change in savings divided by the change in disposable incomeCTotal consumption divided by total disposable incomeDThe change in investment divided by the change in consumer spendingEThe change in consumer spending divided by the change in disposable income

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1 of 100

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Question 1