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 | Oct 28 | 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:The term marginal propensity to consume can best be…A fall in the marginal propensity to save will lead to?The relationship between the marginal revenue (MR)…A market structure where profit is maximized when…The income of an individual increases from N150 to…