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NextQ67

For a hypothetical economy, assume the government increased an infrastructural investment by Rs. 10,000 crore. 80% of additional income is consumed in the economy. Estimate the increase in income and the corresponding increase in consumption expenditure in the economy.

Equilibrium Condition and ApproachesStudy Simplify SpecialPYQ1MCQ
Question 66

Read the following statements : Assertion (A) and Reason (R). Choose the correct alternative from those given below : Assertion (A) : The equilibrium level of income is determined, when ex-ante spending and ex-ante output are equal. Reason (R) : The equilibrium level of income may or may not be the same as the full employment level of output. Alternatives :

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