Total increase in national income
In an economy the MPC is 0.75. Investment expenses in the economy raise by Rs.75 crore. Compute total increase in national income.
Expert
K = DY/DI = 1/1-MPCDY = DIx1/1-MPC= 75x1/1-0.75= 300 Crore
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At a price for $25, the demand for DVD games is around: (w) perfectly elastic. (x) perfectly inelastic. (y) unitarily elastic. (z) positively associated to supply. Discover Q & A Leading Solution Library Avail More Than 1424859 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1923914 Asked 3,689 Active Tutors 1424859 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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