an
economy
total
saving, is 2000 cr. ratio of APS
and APC is 2:7. Calculate level of income in economy.
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Explanation:
Here,
S = Rs. 2000 crore
APS/APC = 2/7,APS = 2/9, APS = S/Y
Hence, S = APS X Y = 2/9 X Y (Where, Y = Income)
or 2000 = 2/9 X Y
or Y = 9/2 X 2000
So, National Income = Rs. 9000 crore
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