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Encyclopedia > Average Propensity to Consume

Average Propensity to consume is the percentage of disposable income spent. To find the percentage of disposable income spent, one needs to divide consumption by disposable income. Disposable income is the amount of an individuals total income left after taxes, plus any transfer payments (grants) received from the government or elsewhere. ... Consumption is the using up of a resource. ... Disposable income is the amount of an individuals total income left after taxes, plus any transfer payments (grants) received from the government or elsewhere. ...


  Results from FactBites:
 
Intermediate Macroeconomics - Consumption (5647 words)
We can calculate the marginal propensity to consume from the change in consumption in period 1 between the base case and case 1 by dividing the change in income in period 1 between the base case and case 1.
The marginal propensity to consume in period 1 is 0.17 ($5/$30), which is equal to 1 divided by the number of periods left in the person's lifetime.
The marginal propensity to consume for case 2 is calculated as the increase in period 1 consumption over the base case divided by the increase in income between the base case and case 2.
Intermediate Macroeconomics - Consumption (5658 words)
The marginal propensity to consume out of a temporary change in income will always be equal to 1 divided by the number of years you expect to live.
The marginal propensity to consume out of a permanent change in income is always the number of years of labor divided by the number of years you expect to live.
The marginal propensity to consume in period 1 is 0.67 ($20/$30), which is equal to the number of periods earning income divided by the number of periods left in the person's lifetime.
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