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NextQ37

Suppose the following information is given about a hypothetical economy : C = 100 + 0.75 Y (where, C = Consumption and Y = Income) I_0 = 200 (I_0 = Autonomous Investment) Calculate the following on the basis of the given information : (a) Equilibrium Level of Income (b) Aggregate Demand at Equilibrium Level of Income (c) Marginal Propensity to Save

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Question 36

Read the following statements : Assertion (A) and Reason (R). Choose the correct alternative from those given below. Assertion (A) : The value of Average Propensity to Consume (APC) can never be zero or negative. Reason (R) : Average Propensity to Consume (APC) is independent of the level of income. Alternatives :

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