If the government invest the sum of N1,000,000.00 and the marginal propensity to consume is...

JAMB 1990

If the government invest the sum of N1,000,000.00 and the marginal propensity to consume is 0.75, what is the change in income?

A. N1,000 000.00
B. N4,000 000.00
C. N6,000 000.00
D. N14,000,000.00

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Correct Answer: Option B

Explanation

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If the government invest the sum of N1,000,000.00 and the marginal propensity to consume is...

Correct Answer: Option B

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