21. The consumption function of an economy is given as: C = 40 + 0.7Y. – InterviewSolution

1.

21. The consumption function of an economy is given as: C = 40 + 0.7Y.Calculate the saving at the incomelevel of 2,200 crores.

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Answer:

Savings= INCOME- consumption= 2,200- 1680= RS. 520 CRORES.

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