If MPC = 2/3 and investment is N100 million, the level of national income is

ECONOMICS
JAMB 2014

If MPC = 2/3 and investment is N100 million, the level of national income is

  • A. N100 million
  • B. N10 million
  • C. N303 million
  • D. N300 million

Correct Answer: D. N300 million



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