If aggregate income is N500.00 and aggregate consumption is N400.00, this means that the average…

Economics JAMB 1988

If aggregate income is N500.00 and aggregate consumption is N400.00, this means that the average propensity to consume is?

  • 0.20
  • 0.80 checkmark
  • 1.25
  • 2.00

The correct answer is: B

Explanation

No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn.
Previous Question Next Question

Leave A Comment