If MPC is 0.7 while government expenditure increased by N 150m, the equilibrium national income is
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
Correct Answer: Option B
Explanation:
1/(1-MPC) x150
1/(1-0.7) x 150= 45m
Â
1/(1-MPC) x150
1/(1-0.7) x 150= 45m
Â