Economic Definition of MPI. Defined.
Offline Version: PDF
Term MPI Definition: The abbreviation for marginal propensity to import, which is the proportion of each additional dollar of household income that is used for imports. Or alternatively, this is the change in imports due to a change in disposable income. The marginal propensity to import plays a minor role in modifying the aggregate expenditure line and the multiplier effect.
Permalink: https://glossary.econguru.com/economic-term/MPI