If the marginal propensity to consume is 0.6 and consumpt...
If the marginal propensity to consume is 0.6 and consumption expenditure changes by N10 million, the equilibrium level of income will change by
N4.0 milion
N25.0 milion
N2.5 milion
N15.0 milion
Correct answer is B
No explanation has been provided for this answer.
An important contribution of small-scale industries to the Nigerian economy is in the area of ...
Demand for money for speculative purposes means? ...
Farmers' income may fall if they produce more cash crops for export because ...
The fundamental economic problem in every society is ...
In economic analysis, a statement is said to be normative if it ...
The effect of the demand for product A caused by a change in the price of product B is called? ...
The demand curve would shift to the left when there is a rise in ...
The theory of comparative cost advantage is associated with ...