Neco Model Questions Vol1 2018 Economics Question 23
Practice objective / multiple choice question 23 from the 2018 Neco Model Questions Vol1 Economics examination.
The consumption function in an economy is \(C = 50 + 0.75(Y - T)\). The government decides to increase its expenditure by ₦200 million and at the same time reduces taxes by ₦120 million. Assuming no other changes, what is the resulting change in equilibrium national income (in million naira)?
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About This Question
This is Neco Model Questions Vol1 2018 Economics Question 23. It is one of the objective questions from the 2018 Neco Model Questions Vol1 Economics examination.
Difficulty level: Medium .
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