Question : Given that national income is Rs.100 crore and consumption expenditure is Rs.72 crore, When income rises to Rs. 200 crore and consumption expenditure to Rs. 108 crore, what will be the average propensity to consume at intial level.
Option 1: 0.28
Option 2: 0.72
Option 3: 0.33
Option 4: None of the above.
Correct Answer: 0.72
Solution :
Question : Given that national income is Rs.100 crore and consumption expenditure is Rs.72 crore, When income rises to Rs. 200 crore and consumption expenditure to Rs.108 crore, what will be the average propensity to consume and a marginal propensity to save?
Question : Given that national income is Rs.100 crore and consumption expenditure is Rs.72 crore, When income rises to Rs. 200 crore and consumption expenditure to Rs. 108 crore, what will be the average propensity to save at initial level?.
Question : Given that national income is Rs.100 crore and consumption expenditure is Rs.72 crore, When income rises to Rs. 200 crore and consumption expenditure to Rs. 108 crore, what will be the marginal propensity to consume?
Question : __________________________ refers to the consumption expenditure to the corresponding level of income.
Question : If consumption expenditure is Rs. 50 crore at national income of Rs. 150, then APS is ____.
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