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If aggregate income is N500.00 and aggregate consumption is N400.00, this means that the average...

Economics
JAMB 1988
If aggregate income is N500.00 and aggregate consumption is N400.00, this means that the average propensity to consume is?
  • A. 0.20
  • B. 0.80
  • C. 1.25
  • D. 2.00
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Correct Answer: Option B
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