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Solution - Consumption Function and Propensity to Save

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Question

An economy is in equilibrium. Find autonomous consumption expenditure:

National Income =1,600

Investment Expenditure = 300

Marginal Propensity to Consume= 0.8

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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