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Determination Of Income And Employment

Question

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What is Breakeven point?

Solution

When consumption expenditure becomes equal to income and there is no saving, it is called breakeven point.

Some More Questions From Determination of Income and Employment Chapter

What do you understand by aggregate demand (AD)?

Explain the meaning of aggregate supply (AS).

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?

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