In an economy, 75 per cent of the increase in income is spent on consu – InterviewSolution

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1.

In an economy, 75 per cent of the increase in income is spent on consumption, Investment is increased by Rs 1,00 crore. Calculate : (i) Total increase in income. (ii) Total increase in consumption expenditure.

Answer»

In an economy, 75 per cent of the increase in income is spent on consumption, Investment is increased by Rs 1,00 crore. Calculate :

(i) Total increase in income.

(ii) Total increase in consumption expenditure.

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