Post Utme Aaua 2020 Economics Question 4

Practice objective / multiple choice question 4 from the 2020 Post Utme Aaua Economics examination.

Post Utme Aaua 2020 Economics Objective / Multiple Choice
Question 4 POST_UTME_AAUA • 2020 • ECONOMICS • objective

A country's GDP is given by \( Y = C + I + G \), where ( C ) is consumption, ( I ) is investment, and ( G ) is government sp\ending. If the country's GDP is $100 billion, and the government sp\ending is $20 billion, what is the value of the marginal propensity to consume?

Answer Options

Correct Answer A. 0.2
B. 0.3
C. 0.4
D. 0.5
Correct Answer
A
Correct Option:
0.2

About This Question

This is Post Utme Aaua 2020 Economics Question 4. It is one of the objective questions from the 2020 Post Utme Aaua Economics examination.

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