If MPC is 0.7 while government expenditure increased by N 150m, the equilibrium national income is

yinkbae

5 years ago

the correct answer is D not B

OmeiheukwuJesus

7 years ago

Thanks I like dat formula

Lizzdove

12 years ago

To get ur equilibrium national income

1/1-0.7*150m =500m

Da.glowree

6 years ago

Explanation to question 3 and formula for finding mpc

Adedokun Azeez

10 years ago

tanks for d solution,I misplaced d figure before.I wrote 1-1/mpc*150

GodsServant

3 years ago

The answer is: D 1/mpc=1/1-0.7×150m
1/0.3×150m= 500m

Ajani noaril

10 years ago

Pls am sori,hw do u get= 500m,i solved it with d fomular u gave,its did work up

Ade9

9 years ago

Here it is..

1/(1-MPC) x150

Adebayor1222

10 years ago

Pls explain better

Fouadwellington12

9 years ago

Correct Thanks Fr Th Formula Tho