Deprecated: Return type of AdvancedAds\Abstracts\Data::offsetGet($offset) should either be compatible with ArrayAccess::offsetGet(mixed $offset): mixed, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /home/erudites/web/erudites.ng/public_html/wp-content/plugins/advanced-ads/includes/abstracts/abstract-data.php on line 431
The Term Marginal Propensity To Consume Can Best Be Explained As The? - Erudites Academy
Economics WAEC

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

Correct Answer:

Option B – Change in consumption as a percentage of change in income

AddThis Website Tools
Sunday

Share
Published by
Sunday
Tags: economics
5 years ago

Recent Posts

EME 310 Theory Questions: Hypothesis TestingEME 310 Theory Questions: Hypothesis Testing

EME 310 Theory Questions: Hypothesis Testing

300 Level Research Methods In Education Practice exam questions and detailed answers. Download the answers in…

8 hours ago
EME 310 Theory Questions: Sampling Error And Sampling BiasEME 310 Theory Questions: Sampling Error And Sampling Bias

EME 310 Theory Questions: Sampling Error And Sampling Bias

300 Level Research Methods In Education Practice exam questions and detailed answers. Download the answers in…

8 hours ago
EME 310 Theory Questions: Sample And Sampling TechniquesEME 310 Theory Questions: Sample And Sampling Techniques

EME 310 Theory Questions: Sample And Sampling Techniques

300 Level Research Methods In Education Practice exam questions and detailed answers. Download the answers in…

8 hours ago
EME 310 Theory Question: Sources Of Literature – Project WritingEME 310 Theory Question: Sources Of Literature – Project Writing

EME 310 Theory Question: Sources Of Literature – Project Writing

300 Level Research Methods In Education Practice exam questions and detailed answers. Download the answers in…

8 hours ago
EME 310 Theory Questions: Research Proposal Vs Research Abstract – Educational ResearchEME 310 Theory Questions: Research Proposal Vs Research Abstract – Educational Research

EME 310 Theory Questions: Research Proposal Vs Research Abstract – Educational Research

300 Level Research Methods In Education Practice exam questions and detailed answers. Download the answers in…

13 hours ago
EME 310 Theory Questions: Research TopicsEME 310 Theory Questions: Research Topics

EME 310 Theory Questions: Research Topics

300 Level Research Methods In Education Practice exam questions and detailed answers. Download the answers in…

14 hours ago