Post Utme Ui 2020 Economics Question 4

Practice objective / multiple choice question 4 from the 2020 Post Utme Ui Economics examination.

Post Utme Ui 2020 Economics Objective / Multiple Choice
Question 4 POST_UTME_UI • 2020 • ECONOMICS • objective

A country's GDP is given by \( GDP = 100 + 0.2Y \), where Y is the country's GNP. Find the marginal propensity to consume.

Answer Options

Correct Answer A. \( MPC = 0.2 \ \)
B. \( MPC = 0.1 \ \)
C. \( MPC = 0.3 \ \)
D. \( MPC = 0.4 \ \)
Correct Answer
A
Correct Option:
\( MPC = 0.2 \ \)

About This Question

This is Post Utme Ui 2020 Economics Question 4. It is one of the objective questions from the 2020 Post Utme Ui Economics examination.

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