Q. 265.0( 1 Vote )

An economy is in

Answer :

Y = C + MPC(Y) + I

Where,


Y = Income = 5000


MPC = Marginal propensity to Consume = 1 – MPS = 0.8


I = Investment Expenditure


C = Autonomous consumption



Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
caricature
view all courses