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 | 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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