2013
Economics
POST UTME
A country’s aggregate consumption was N20 million when its GDP was N100million. Following an increase in GDP to N120 million, consumption increased to N25 million. The marginal propensity to consume is given as
A.
0.25
B.
0.5
C.
0.75
D.
0.8
Correct Answer: 0.25
Explanation
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