BANK SEBI Grade A Phase 1 & Phase 2 Mock Test 2024 General Knowledge Economy National Income Accounting
In a closed economy with no taxes, if the marginal propensity to consume is always 0.90, then the value of the multiplier will be
1
10.00
2
1.00
3
0.90
4
0.10
5
None of the above/More than one of the above.