JAMB Economics 2018 Objective — Question 29
Question 29 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2018 Objective paper, with the correct answer and a full explanation.
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The marginal propensity to consume measures the relationship between
- A. Consumption and income
- B. Change in consumption and incomeCorrect
- C. Change in consumption and change in income
- D. Change in consumption and income and respective change in income
Explanation
Marginal propensity to consume (MPC) = change in consumption / change in income.
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