Question

in an economy with every increase in income 10%of the rises in income issaved suppose a fresh investment of rs 120 crores take place in the economy change in income andchange in consumption?​

Answer 1

Answer:

Income and Other Criteria. When we think of a nation or a region, think of other equally important attributes besides average income. If per capita income were to be used as the measure of development, some countries will be considered the most developed and some countries, the least developed.