Post Utme Babcock University 2020 Economics Question 22

Practice objective / multiple choice question 22 from the 2020 Post Utme Babcock University Economics examination.

Post Utme Babcock University 2020 Economics Objective / Multiple Choice
Question 22 POST_UTME_BABCOCK_UNIVERSITY • 2020 • ECONOMICS • objective

Calculate the marginal propensity to consume (MPC) if the consumption function is given by C = 100 + 0.5Y and the marginal propensity to save (MPS) is 0.2.

Answer Options

A. 0.3
B. 0.4
Correct Answer C. 0.5
D. 0.6
Correct Answer
C
Correct Option:
0.5

About This Question

This is Post Utme Babcock University 2020 Economics Question 22. It is one of the objective questions from the 2020 Post Utme Babcock University Economics examination.

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