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