Waec Model Questions Vol1 2020 Economics Question 12
Practice objective / multiple choice question 12 from the 2020 Waec Model Questions Vol1 Economics examination.
A developing economy receives a foreign direct investment (FDI) inflow of ₦200 million in a year. The marginal propensity to save (MPS) is 0.15, the marginal propensity to import (MPM) is 0.20 and the marginal tax rate (MPT) is 0.25. If each ₦1 million of net injection ultimately creates 0.5 000 jobs, estimate the total number of jobs generated by the FDI after accounting for leakages.
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About This Question
This is Waec Model Questions Vol1 2020 Economics Question 12. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Economics examination.
Difficulty level: Hard .
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