The marginal propensity to consume is
A. total consumption expenditure divided by the change in disposable income.
B. the change in consumption expenditure divided by total disposable income.
C. the change in consumption expenditure divided by the change in disposable income.
D. the change in consumption expenditure divided by total saving.
Answer:C
The marginal propensity to consume is
A. total consumption expenditure divided by the change in disposable income. B. the change in consumption expenditure divided by total disposable income. C. the change in consumption expenditure divided by the change in disposable income. D. the change in consumption expenditure divided by total saving.