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Propensity |
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PropensityThe 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.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. 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. Average propensityAverage propensityThe fraction of total income spent on an activity, such as consumption or imports. See propensity. 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 saveMarginal propensity to saveThe fraction of a change in income (or perhaps disposable income) that is saved. Further SuggestionsImport propensityMarginal propensity Average propensity to consume |
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