Post Utme Eksu 2023 Economics Question 10

Practice objective / multiple choice question 10 from the 2023 Post Utme Eksu Economics examination.

Post Utme Eksu 2023 Economics Objective / Multiple Choice
Question 10 POST_UTME_EKSU • 2023 • ECONOMICS • objective

A country's national income is $100 billion, and its government exp\enditure is $20 billion. If the marginal propensity to consume is 0.8, what is the multiplier?

Answer Options

A. 2.5
Correct Answer B. 5
C. 10
D. 20
Correct Answer
B
Correct Option:
5

About This Question

This is Post Utme Eksu 2023 Economics Question 10. It is one of the objective questions from the 2023 Post Utme Eksu Economics examination.

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