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 Option
b

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Discussions (2)

starboi123
7 years ago

Formular ; 1\1-mps k = multiplier

Juliettaaaa
1 year ago

please I need an explanation on why the answer is B

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