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CBSE Class 12-commerce Answered

The consumption function of an economy is given as c=40+0.8y calculate the total increase in income and consumption if investment expenditure is Rs 500 crores
Asked by sunder_nithish | 13 Jul, 2019, 09:30: AM
answered-by-expert Expert Answer
K equals fraction numerator 1 over denominator 1 minus M P C end fraction equals fraction numerator 1 over denominator 1 minus 0.8 end fraction equals fraction numerator 1 over denominator 0.2 end fraction equals bold 5 increment Y equals K cross times increment I space space space space space space equals space 5 cross times 500 space space space space space space space equals bold space bold 2 bold comma bold 500 bold space bold italic c bold italic r bold italic o bold italic r bold italic e increment C equals M P C. increment Y space space space space space space equals space 0.8 cross times 2500 bold space bold space bold space bold space bold space bold space bold equals bold space bold 2 bold comma bold 000
Answered by Arun | 16 Jul, 2019, 12:35: PM
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