Question : The equilibrium level of income in an economy is Rs. 3000 crore. The autonomous consumption expenditure is equal to Rs.250 crore and investment expenditure is Rs. 1000 crore. Calculate saving function.
Option 1: S=250+(1+b)3000
Option 2: S=250-(1-b)3000
Option 3: S=250+(-b)3000
Option 4: S=250+(1-b)3000
Answer (1)
8th Jan, 2024
Correct Answer: S=250+(1-b)3000
Solution : S=250+(1-b)3000
Hence, Option D is correct.
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