Post Utme Ui 2024 Economics Question 19

Practice objective / multiple choice question 19 from the 2024 Post Utme Ui Economics examination.

Post Utme Ui 2024 Economics Objective / Multiple Choice
Question 19 POST_UTME_UI • 2024 • ECONOMICS • objective

A country's national income is given by the equation Y = C + I + G, where Y is national income, C is consumption, I is investment, and G is government sp\ending. If the country's national income is $100 billion, consumption is $60 billion, investment is $20 billion, and government sp\ending is $10 billion, what is the multiplier effect?

Answer Options

A. 0.5
Correct Answer B. 1.0
C. 1.5
D. 2.0
Correct Answer
B
Correct Option:
1.0

About This Question

This is Post Utme Ui 2024 Economics Question 19. It is one of the objective questions from the 2024 Post Utme Ui Economics examination.

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