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| 1. |
If national income is ₹ 90 crore and Consumption expenditure ₹ 81 crore, find out average propensity to save. When income rises to ₹ 90 crore and Consumption expenditure ₹ 81 crore, find out average propensity to save.when income rises to ₹ 100 crore and consumption expenditure to ₹ 88 crore. What will be the marginal propensity to consume and marginal propensity to save ? |
| Answer» Correct Answer - 0.10, 0.70, 0.30 | |