If total income is N15m and total consumption is N3m, then the average propensity to consume is
0.2
0.6
0.7
5
10
Correct answer is A
No explanation has been provided for this answer.
A change in National Income brought about by a given change in investment is
APC
APS
MPC
MPS
The multiplier
Correct answer is E
No explanation has been provided for this answer.
What happens to a water pool on a day when the humidity of the air is very low?
Temperature decreases
Slow evaporation
Temperature increases
Rapid evaporation
Correct answer is D
No explanation has been provided for this answer.