If the marginal propensity to consume is 0 75 a... - JAMB Economics 1997 Question
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?
A
N12 billion
B
N15 billion
C
N20 billion
D
N25 billion
correct option: d
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