The marginal propensity of consume

80% of UK companies and public sectors organisations pay women less than men.

The marginal propensity to consume (mpc) is the extra consumer spending arising from an increase in national income, expressed as:

∆C

∆Y

If we take the following figures for GPD and consumption we can calculate the mpc:

This gives us:

Therefore, the mpc is:

$25bn/$40bn; = 0.625

What exactly is the 'most favoured nation' rule?

Regulators find leading model agencies guilty of price fixing.

Costs and benefits of customs unions.

Multiple choice papers for Paper Three.

Savings ratio falls to lowest level on record.