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What does MPC mean?

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The Federal Government increases spending by $1 billion to develop a new fighter jet. If the MPC in the economy is 0.1, what will be the overall spending effect of the economy?

What does MPC mean?

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The Federal Government increases spending by $1 billion to develop a new fighter jet. If the MPC in the economy is 0.1, what will be the overall spending effect of the economy?

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MPC or marginal propensity to consume is An economic term for the amount that consumption changes in response to an incremental change in disposable ...

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Sheetal Jain, PGDM
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  • BComm, University of Delhi
  • Post Graduate Diploma in Management (Equivalent to MBA), All India Management Association
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