In 2023, the marginal propensity to consume in New Zealand was estimated to be 0.75.
Define the term 'marginal propensity to consume'.
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Markscheme
2.2.2 Consumption (C) Questions
40 exam-style questions on Edexcel A A Level Economics 2.2.2 Consumption (C). Each one has a worked solution and a mark scheme showing where the marks go.