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Marginal propensity |
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Marginal propensityThe fraction of a change in income devoted to an activity, such as consumption, importing, or saving. See propensity.Similar MatchesMarginal 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. Average propensityAverage propensityThe fraction of total income spent on an activity, such as consumption or imports. See propensity. 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. Further SuggestionsImport propensityMarginal propensity to save Marginal propensity to import |
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