The Marginal Propensity to Consume (Mpc)is The

Multiple Choice

The marginal propensity to consume (mpc) is the:

A) amount by which disposable income increases when consumption increases by $1.
B) amount by which consumption increases when disposable income increases by $1.
C) percentage by which consumption increases when disposable income increases by 1 percent.
D) percentage by which disposable income increases when consumption increases by 1 percent.