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Question
Suppose for an economy, autonomous consumption stands as ₹ 100 crore and total consumption is ₹ 130 crores. The value of induced consumption would be ₹ ______ crore.
Options
30
80
100
130
MCQ
Fill in the Blanks
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Solution
Suppose for an economy, autonomous consumption stands as ₹ 100 crore and total consumption is ₹ 130 crores. The value of induced consumption would be ₹ 30 crore.
Explanation:
Induced Consumption = Total Consumption − Autonomous Consumption
Induced Consumption = 130 crore − 100 crore = 30 crore.
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