In a closed economy; the marginal propensity to consume is 0.6 and the average propensity to consume 0.8. The value of the multiplier is? By: Sunday|Published on: Oct 28|Categories: Economics JAMB| 0 comments A. 2.5 B. 2.6 C. 2.7 D. 2.4 Correct Answer: Option A – 2.5 Users Also Read These:A lamp is marked 220V 60 W. Calculate the energy it…The term marginal propensity to consume can best be…If the marginal propensity to save is 0.8; calculate…If the marginal propensity to consume is 0.75 and…Which of the following enables people to consume a…SEE ALSO If the price elasticity of demand for a good is 0.43 an increase in the price of the good will result in ______?