Consumption expenditure
In an economy 75% of increase in income is spent on the consumption. Investment raised by Rs. 1000 Crore. Compute: (A) Total increase in income(B) Total increase in consumption expenditure
In an economy 75% of increase in income is spent on the consumption. Investment raised by Rs. 1000 Crore. Compute:
(A) Total increase in income(B) Total increase in consumption expenditure
Expert
MPC = 75% = 75/100 =3/4MPS = 1-3/4 = 1/4 K=4(A) DY = DI x K= 1000 x 4= 4000 Crore(B) DY = DC + DIDC = DY - DI= 4000-1000= Rs. 3000 Crore
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The time people are willing and capable to work at different wage rates throughout a given period is termed as the: (1) supply of labor. (2) labor force participation rate. (3) marginal product of labor. (4) labor theory of value. Discover Q & A Leading Solution Library Avail More Than 1444775 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1928596 Asked 3,689 Active Tutors 1444775 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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