The marginal propensity to consume is defined as the:
a. fraction of total income not spent on consumption.
b. proportion of any change in income that is spent on consumption.
c. fraction of total income spent on consumption.
d. fraction of a change in income that is saved.
Question 2
It is important to distinguish between the privately held portion of the national debt and the portion held by government agencies and the Federal Reserve System because:
a. the government will not have to repay the privately held debt.
b. only the privately held debt creates a net interest liability for the federal government.
c. the privately held debt does not create a net interest liability for the federal government.
d. taxes will have to be raised in order to pay the interest on the debt held by the Federal Reserve system.
Distribution of the Income of Americans
Saving Rates by Income Quintile, 2003
How Health Interacts with Income
Capital’s Share of Income in a Cross-Section of Countries
Total parenteral nutrition through a catheter in the right subclavian
Increase in total spending in presidential campaigns, 1976-2020