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Average propensity to consume |
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Average propensity to consumeThe fraction of total (or perhaps disposable) income spent on consumption. Contrasts with marginal propensity to consume.Similar MatchesMarginal propensityMarginal propensityThe fraction of a change in income devoted to an activity, such as consumption, importing, or saving. See propensity. Marginal propensity to importMarginal propensity to importThe fraction of a change in income (or perhaps disposable income) spent on imports. Contrasts with average propensity to import. Marginal propensity to saveMarginal propensity to saveThe fraction of a change in income (or perhaps disposable income) that is saved. Import propensityImport propensityThe marginal propensity to import (or sometimes the average propensity, if they are different). PropensityPropensityThe extent to which an economic agent is inclined to use income for a particular purpose, such as the (marginal or average) propensity to import, or propensity to consume, measured as the fraction of income (or of a change in income, if marginal) devoted to such an activity. Further SuggestionsMarginal propensity to consumeAverage propensity to import Average propensity |
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