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Marginal propensity to consume |
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Marginal propensity to consumeThe fraction of a change in income (or perhaps disposable income) spent on consumption. Contrasts with average propensity to consume.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. Average 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. Average propensityAverage propensityThe fraction of total income spent on an activity, such as consumption or imports. See propensity. Further SuggestionsMarginal propensity to saveMarginal propensity Marginal propensity to import |
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