1.

If APC of an economy is 0.8, what should be the savings when an income level is 4000 crore?

Answer» We know, APC+APS=1 , APC=0.8
`therefore APS=1-0.8=0.2`
`"APS"=("Savings")/("Income") or 0.2=("Saving")/(4000)`
Savings =800 crore.


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