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2.2 Aggregate demand (AD)

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Question 39

Table 3: Marginal propensity to consume (mpc) in the Republic of Vanda

YearMarginal propensity to consume (mpc)
20180.88
20190.85
20200.81
20210.76
20220.72
20230.68

Explain one possible reason for the changes in the marginal propensity to consume as shown in Table 3.

[2]

2.2 Aggregate demand (AD) Questions

  1. A Level
  2. /Economics
  3. /2.2 Aggregate demand (AD)