JAMB Economics 2021 Objective — Question 10

Question 10 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2021 Objective paper, with the correct answer and a full explanation.

10. The multiplier is a. 1/MPS b. 1/APS c. 1/MPC d. 1/APC

A. 1/MPSCorrect
B. 1/APS
C. 1/MPC
D. 1/APC

Explanation

The multiplier is computed as 1/MPS, where MPS is the marginal propensity to save.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Economics 2021 Objective More Economics past papers