Economy, asked by souhardyachakr53, 6 months ago

If Marginal Propensity to Consume is 0.8 and the increase in investment is

₹400. Calculate the increase in Income.

Answers

Answered by linachugh999

Answer:

2000

Explanation:

k = 1/1-MPC

k =1/1-08

k= 5

k = change in income /change in investment

5= change in Income/ 400

change in income = 2000

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