Post Utme Rhema University 2019 Economics Question 10

Practice objective / multiple choice question 10 from the 2019 Post Utme Rhema University Economics examination.

Post Utme Rhema University 2019 Economics Objective / Multiple Choice
Question 10 POST_UTME_RHEMA_UNIVERSITY • 2019 • ECONOMICS • objective

The government of Nigeria is considering a policy to increase the minimum wage from ₦30,000 to ₦50,000 per month. If the average worker has a marginal propensity to consume of 0.9, what is the increase in aggregate demand?

Answer Options

A. ₦48,000
B. ₦60,000
Correct Answer C. ₦72,000
D. ₦80,000
Correct Answer
C
Correct Option:
₦72,000

About This Question

This is Post Utme Rhema University 2019 Economics Question 10. It is one of the objective questions from the 2019 Post Utme Rhema University Economics examination.

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