Marginal Propensity to Consume | Types Of Propensities | Macroeconomics | Ecoholics

In economics, the marginal propensity to consume (MPC) is defined as the proportion of an aggregate raise in pay that a consumer spends on the consumption of goods and services, as opposed to saving it. Marginal propensity to consume is a component of Keynesian macroeconomic theory and is calculated as the change in consumption divided by the change in income
Understanding Marginal Propensity to Consume (MPC).
The marginal propensity to consume is equal to ΔC / ΔY, where ΔC is the change in consumption, and ΔY is the change in income. If consumption increases by 80 cents for each additional dollar of income, then MPC is equal to 0.8 / 1 = 0.8.
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[@sancharigupta4905]

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[@bhawashmehta229]

8:33 what is delta s there ???

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