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Average propensity to import |
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Average propensity to importThe fraction of total income spent on imports; thus the ratio of imports to GDP. Contrasts with marginal propensity to import.Similar MatchesImport propensityImport propensityThe marginal propensity to import (or sometimes the average propensity, if they are different). Average propensity to consumeAverage propensity to consumeThe fraction of total (or perhaps disposable) income spent on consumption. Contrasts with marginal propensity to consume. Marginal propensity to consumeMarginal propensity to consumeThe fraction of a change in income (or perhaps disposable income) spent on consumption. Contrasts with average propensity to consume. Marginal propensityMarginal propensityThe fraction of a change in income devoted to an activity, such as consumption, importing, or saving. See propensity. 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 SuggestionsAverage propensityMarginal propensity to save Marginal propensity to import |
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