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.
\(\frac{g}{16}\)
\(\frac{g}{4}\)
\(\frac{4}{g}\)
\(\frac{16}{g}\)
Correct answer is A
\(\frac{g}{R^2}\) = \(\frac{g}{4^2}\) = \(\frac{g}{16}\)
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.
Be a straight line
Curve inwards
Be a parabola
Curve outwards
Correct answer is A
No explanation has been provided for this answer.