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Solution - Consumption Function and Propensity to Save

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Question

Find equilibrium national income:

Autonomous consumption expenditure = 120

Marginal propensity to consume = 0.9

Investment expenditure = 1100

Solution

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Solution for concept: Consumption Function and Propensity to Save. For the courses 12th CBSE (Arts), 12th CBSE (Commerce), 12th CBSE (Science)
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