If MPC = 2/3 and investment is N100 million, the level of national income is

horllarsukanmi

7 years ago

Y is denoted as income
I is denoted by investment
K is denoted by multiplier hence,

K= 1/1-mpc. 1/1-2/3
I /1/3= 3.
Hence y is calculated as k x I
I.e, y= 3 x 100
Y = 300 million

Thorluwhanhimhi

2 months ago

the multiplier=
1/1-2/3= 3
3×100 million= 300 million
Option D

colikstan

3 years ago

The answer is C please oo
2/3 use calculator = .....
K=1/1-mpc
K=1/1-2÷3
K=1/0.33
K=3.03
3.03×100
=303

Khljnr100

4 years ago

If MPC = 2/3 and investment is N100 million, the level of national income is

nobodyitsjustking

2 years ago

If mpc is 2/3 and investment is 100 million the level of national income is?

adegbiteibukunoluwa

2 years ago

solution
1/1-mpc x 100
1/1-2/3 x 100
300 million