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  4. Assume national income to be L2000.00, which 01400.00 is consumed while 1600.00 is saved. With...

Assume national income to be L2000.00, which 01400.00 is consumed while 1600.00 is saved. With...

Assume national income to be L2000.00, which 01400.00 is consumed while
1600.00 is saved. With an increase of the national income to D3000.00, consumption spending rose to 2200.00. The economy also benefitted from an injection of 01000.00.
Calculate the MPC for the economy described, by how much will national income increase with an injection of D1,000.00?
In Olabisi Onabanjo University
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Asked by Crown on 10th May, 2023
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WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
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