Q:
      
      
         
            
The MPC for an economy is
         
       
      
      
      
          
      
      
          Answer & Explanation
         Answer: D) 1 divided by the slope of the consumption schedule or line.         
         
Explanation: Marginal propensity to consume (MPC) in economics is a metric that quantifies induced consumption, the concept that the increase in personal consumer spending (consumption) occurs with an increase in disposable income (income after taxes and transfers).
       
      
      
      
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