Question 0

If the marginal propensity to consume is 0.6 and consumption expenditure changes by N10 million, the equilibrium level of income will change by

  • A.N4.0 milion
  • B.N25. 0 milion
  • C.N2.5 milion
  • D.N15.0 milion
  • E.
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
2006
Question no.
#0
Type
Objective

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