The disposable income of Uche increases by N10 million and her marginal propensity to consume also goes up to 0.6. How much of the additional income will she save?

by Sunday | May 5 | Economics NECO | 0 comments

A. N40,000
B. N400,000
C. N600,000
D. N4,000,000
E. N6,000,000

Correct Answer:

Option D – N4,000,000

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