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  3. If the marginal propensity to save is 0.45 calculate a. Multiplier b. The level of...

If the marginal propensity to save is 0.45 calculate a. Multiplier b. The level of...

If the marginal propensity to save is 0.45 calculate
a. Multiplier
b. The level of investment which is required to raise income by #12000

2. If the monthly income of an individual increases from #8000 to #12000 and he increases his level of consumption by #60 calculate the marginal propensity to save and to consume?
3 Answers Available
Asked by Gabby on 17th September, 2021
WAEC offline past questions - with all answers and explanations in one app - Download for free
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WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709