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The Concepts Of Consumption Investment And Savings - Economics Jamb Past Questions and Answers

Economics Questions And Answers On The Concepts Of Consumption Investment And Savings
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Economics Jamb Past Questions


Questions and Answers on The concepts of consumption, investment and savings

Question 1 :



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

A. 0.20
B. 0.80
C. 1.25
D. 2.00




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