Home » Economics » If the government invest the sum of N1,000,000.00 and the marginal propensity to consume is…If the government invest the sum of N1,000,000.00 and the marginal propensity to consume is… 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: Option B Explanation Related Posts Given that Y = C + I and C = bY where b = 0.8,… The instrument used in many countries to restrict imports includes which of the following reasons is mainly responsible for the inefficient distribution of goods in… When the marginal utility of a commodity is zero the total utility is Which of the following functions do retailers perform in an economy? Money may not be accepted as a store of value if?
