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This Macro Econ Final Review-Quiz focuses on key concepts of consumption and savings in macroeconomics. It tests understanding of Marginal Propensity to Consume (MPC), Marginal Propensity to Save (MPS), and Average Propensity to...

Questions: 19 | Attempts: 180 | Last updated: Mar 14, 2025

Sample Question 1
What is the Marginal Propensity to Consume, or MPC?

The fraction or proportion of any change in income that is saved

The fraction or percentage of income consumed

The fraction or proportion of any change in income that is consumed

None of the above

Sample Question 2
How do you calculate Marginal Propensity to Consume, or MPC?

MPC= change in consumption/ change in income

MPC= change in savings/ change in income

MPC= consumption/ income

None of the above

Sample Question 3
What is the Marginal Propensity to Save, or MPS?

The fraction or percentage of income consumed

The fraction or proportion of any change in income that is consumed

The fraction or proportion of any change in income that is saved

The savings divided by the income

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