Exam (elaborations)
Edexcel Economics Theme 2 Exam Verified Questions and Answers Rated A+
- Module
- Institution
Marginal propensity to withdraw (MPW) - ANSWER-The increase in withdrawals from the circular flow (S + T + M) divided by the increase in income that caused them (i.e. change in W / change in Y); this is the same as the sum of the marginal propensity to save, tax and import (MPS + MPT + MPM)...
[Show more]