Post Utme Veritas University 2019 Economics Question 35

Practice objective / multiple choice question 35 from the 2019 Post Utme Veritas University Economics examination.

Post Utme Veritas University 2019 Economics Objective / Multiple Choice
Question 35 POST_UTME_VERITAS_UNIVERSITY • 2019 • ECONOMICS • objective

The national income of a country is given by Y = C + I + G. If the consumption function is given by C = ₦100 + 0.5Y, the marginal propensity to consume is

Answer Options

Correct Answer A. 0.5
B. 0.6
C. 0.7
D. 0.8
Correct Answer
A
Correct Option:
0.5

About This Question

This is Post Utme Veritas University 2019 Economics Question 35. It is one of the objective questions from the 2019 Post Utme Veritas University Economics examination.

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