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Determination Of Income And Employment

Question

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Complete the following table.

Income

MPC

Saving

APS

0

-90

100

0.6

—

—

200

0.6

—

—

300

0.6

—

—

Solution

Income	MPC	ΔC (MPC x ΔY)	Consumption	Saving	APS (S/Y)
0	—	—	90	-90	—
100	0.6	60 (=0.6x100)	150 (=90+60)	-50	-0.5 (=-50/100)
200	0.6	60	210	-10	-0.05 (=-10/200)
300	0.6	60	270	30	0.1 (=30/300)

Some More Questions From Determination of Income and Employment Chapter

Calculate consumption level for Y = र 1000 crores if consumption function is C = 300 + 0.5Y.

State relationship between income and consumption.

What is Breakeven point?

What are the types of Propensity to consume?

How does MPC affect level of income?

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