Question

if is an economy saving function is given by s= (-)50+0.2y​

Answer 1

Answer:

If in an economy, Saving Function is given by S = (-) 50 + 0.2 Y and Y = Rs. 2,000 crores; consumption expenditure for the economy would be Rs. -1,650 crores and the autonomous investment is Rs. 50 crores and the marginal propensity to consume is 0.8.