Question 17
[Maximum number: 1]
In a two-sector economy, autonomous consumer expenditure increases by $ 100 billion, autonomous investment expenditure increases by $ 200 billion, and the marginal propensity to consume is 0.5.
What will the increase in National Income be?
A
$ 150 billion
B
$ 300 billion
C
$ 450 billion
D
$ 600 billion
