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…The income of an individual increases from N150 to…A cheque for N400 drawn in favour of Jeje was posted…If total Income is N15m and total consumption Is…Below equilibrium, the gap between aggregate demand…