Question

my income is increase from Rs.5000 permonth to Rs.6000 per month. find the percentage increase in my income​

Answer 1

Answer:

Marginal Propensity to consume refers to the percentage change in consumption for every one rupee of change in the income.

Change in income= Rs. 1,000 crores and change in savings= Rs. 500 crores.

change in consumption= 1000-500 = Rs. 500 crores.

MPC= change in consumption/ change in income

= 500/1000= 0.5

hope its helpful

Answer 2

|SOLUTION|

Question:

My income increases from Rs.5000 per month to Rs.6000 per month. Find the percentage increase in my income

Given:

Original income per month= Rs.50000

New income per month = Rs.60000

To Find:

The percentage of increase in income

Answer:

Increase in income

= Rs.60000 - Rs.50000

= Rs.10000

Therefore,

Percentage of increase in income

= (Increase in income/Original income)*100%

= (Rs.10000/Rs.50000)*100%

= (1/5)*100%

= 20%