NextQ102

Suppose for an economy, government proposes project for construction of expressways with an incremental investment of Rs. 1200 crore. Assuming, 80% of increase in income is spent on consumption. Estimate the following on the basis of above information : (a) Change in income (ΔY). (b) Change in consumption (ΔC).

Equilibrium Condition and ApproachesStudy Simplify SpecialPYQ1MCQ
Question 101

To arrive at the value of equilibrium level of income, there must exists an equality between ex-ante _____ and ex-ante _____. (Choose the correct option to fill up the blank) (i) Aggregate Demand, Aggregate Supply (ii) Aggregate Demand, Savings (iii) Aggregate Demand, Investment (iv) Savings, Investment

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