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: |Published on: May 5|Categories: 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

Users Also Read These:

SEE ALSO  If the standard deviation of a set of numbers is 3.6; what is the variance?

Copyright warnings! Do not copy.