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Determination Of Income And Employment
Question
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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Mock Test Series
Mock Test Series