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