If aggregate income is N500.00 and aggregate consumption is N400.00; this means that the average propensity to consume is? by Sunday | Mar 29 | Economics JAMB | 0 comments A. 0.20 B. 0.80 C. 1.25 D. 2.00 Correct Answer: Option B = 0.80 Users Also Read These:In a closed economy; the marginal propensity to…Below equilibrium, the gap between aggregate demand…If Y = income, C Consumption, I = Investment, X =…If the marginal propensity to consume is 0.75 and…If total Income is N15m and total consumption Is…