InterviewSolution
Saved Bookmarks
| 1. |
With the help of saving function: S = -20+ 0.3 (Y), calculate consumption expenditure at the income level of ₹1,000 crores. |
|
Answer» Correct Answer - Consumption Expenditure ( C) = ₹ 720 crores We know, Saving function is expressed as: S= - `barc` + (1-b)Y It means: - 20 indicates that autonomous consumption (`barc`) = ₹ 20 crores `" "`(Assuming value of `(barc)` in ₹ crores ) |
|