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The value of marginal propensity to consume is 0.6 and initial income in the economy is 100cr.prepare a schedule showing income,consumption and saving. Also show the equilibrium level of income by assuming autonomous investment of 80cr.
I have a question on the same topic:-
The Value of marginal propensity to consume is 0.6 and initial income in the economy is ₹100 crores.Prepare a schedule showing Income,consumption and saving.Also show the equilibrium level of income by assuming Autonomous investments of ₹80crores.
Source:CBSE Board Economics Exam2018(leaked paper)Code:58/1 Ques no.21.
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