If the government invest the sum of N1,000,000.00 and the marginal propensity to consume is...
ECONOMICS
JAMB 1990
If the government invest the sum of N1,000,000.00 and the marginal propensity to consume is 0.75, what is the change in income?
- A. N1,000 000.00
- B. N4,000 000.00
- C. N6,000 000.00
- D. N14,000,000.00
Correct Answer: B. N4,000 000.00
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