Question

If APC of an economy is 0.8 what should be saving when an income level is 4000 rupeesCalculate the value of money multiplier and total deposit created if initial deposit is of 8000 rupees and LRR is 20% ​

Answer 1

Answer:

Explanation:

APC =0.8=0.2

APS = saving or 0.2 saving

income 4000

saving = 800 crore