1.

If National income is ₹ 50 crore and Saving ₹ 5 crore, find out average propensity to consume. When income rises to ₹ 60 crore and saving ₹ 9 crores, what will be the average propensity to consume and the marginal propensity to save ?

Answer» Correct Answer - 0.90, 0.85, 0.40


Discussion

No Comment Found