Post Utme Caleb University 2022 Economics Question 40
Practice objective / multiple choice question 40 from the 2022 Post Utme Caleb University Economics examination.
A country's GDP is given by the equation Y = C + I + G, where Y is GDP, C is consumption, I is investment, and G is government sp\ending. If the country's GDP is $100 billion, consumption is $60 billion, investment is $20 billion, and government sp\ending is $10 billion, what is the marginal propensity to consume?
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This is Post Utme Caleb University 2022 Economics Question 40. It is one of the objective questions from the 2022 Post Utme Caleb University Economics examination.
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