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Question 6

If the marginal propensity to save is 0.4 and consumption expenditure changes by N10 million, the equilibrium level of income will change by

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

Question details

Exam body
OAU
Subject
Economics
Year
2007/2007
Question no.
#6
Type
Objective
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