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Q:

The MPC for an economy is

A) the slope of the savings schedule or line. B) 1 divided by the slope of the savings schedule or line.
C) the slope of the consumption schedule or line. D) 1 divided by the slope of the consumption schedule or line.

Answer:   D) 1 divided by the slope of the consumption schedule or line.



Explanation:

Marginal propensity to consume (MPC) in economics is a metric that quantifies induced consumption, the concept that the increase in personal consumer spending (consumption) occurs with an increase in disposable income (income after taxes and transfers).

Subject: Indian Economy
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