Question 37

The term marginal propensity to consume can best be explained as the

  • A.Desire to spend more income on consumption
  • B.Change in consumption as a percentage of change in income
  • C.Average regularly spend on consumption
  • D.Total expenditure on consumption
  • E.Inclination to spend only a little on consumption
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
1988
Question no.
#37
Type
Objective

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