If total Income is N15m and total consumption Is N3m. Then the average propensity to consume is? by Sunday | May 3 | Economics NECO | 0 comments A. 0.2 B. 0.6 C. 0.7 D. 5 E. 10 Correct Answer: Option A – 0.2 Users Also Read These:In a closed economy; the marginal propensity to…If a country's national income increased from N1000…Let capital formation = CF, Production = P, C =…If Y = income, C Consumption, I = Investment, X =…According to the income approach to national income…