If the marginal propensity to consume is 0.75 and private...
If the marginal propensity to consume is 0.75 and private investment increases by N10 billion while government expenditure decreases by N15 billion, GDP will decrease by
N12 billion
N15 billion
N20 billion
N25 billion
Correct answer is D
No explanation has been provided for this answer.
An economy in which the whole income is not consumed is referred to as______ ...
An increase in the discount rate is an indication of a central bank's intention to pursue ...
Wage freeze is a policy measure aimed at ...
An advantage of the range as a measure of dispersion is that it ...
A group of firm producing similar commodities for the same market constitute ...
The short run can be defined as the period of time during which ...
Commercial bank reserves at the Central Bank___________ ...
From the table, the mean of the distribution is ...
A good indicator of economic development is an increase in ...