Question

(MPC -0.80, 0.90k - 3 10
11. The consumption function of an economy is given as: C = 40 + 0.8Y. Calculate the total increase in
income and consumption if investment expenditure increases by 500 crores.
Answer:(increase in Income +2,500 crores: Increase in Consumption=2,000 crores)​

Answer 1

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