Question

How do you calculate the marginal propensity to consume?

Answer 1

`MPC=(DeltaC)/(DeltaY)`

Explanation:

`MPC=(DeltaC)/(DeltaY)`

Where-

`MPC` is Marginal Propensity to consume
`DeltaC` is Change in Consumption Expenditure
`DeltaY` is Change in Income