Post Utme Futa 2019 Economics Question 13
Practice objective / multiple choice question 13 from the 2019 Post Utme Futa Economics examination.
A country's GDP is given by the equation Y = C + I + G + \( X - M \), where Y is the GDP, C is the consumption, I is the investment, G is the government sp\ending, X is the exports and M is the imports. If the country's GDP is 100, consumption is 30, investment is 20, government sp\ending is 15, exports are 25 and imports are 10, what is the value of the marginal propensity to consume?
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About This Question
This is Post Utme Futa 2019 Economics Question 13. It is one of the objective questions from the 2019 Post Utme Futa Economics examination.
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