A. What is meant by marginal propensity to consume? What is meant by marginal propensity to save? Why are these terms important to business? B. If a country redistributes income from rich to poor what...

A. What is meant by marginal propensity to consume? What is meant by marginal propensity to save? Why are these terms important to business? B. If a country redistributes income from rich to poor what will happen to the overall demand for food? Why?

C. What determines consumption expenditure in an economy? What roles do current disposable income and wealth play in the determination of consumption expenditure?