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NextQ78

Suppose, the Indian Government decides to boost public investments with a defence project of Rs. 40,000 crore. Explain the likely impacts of the given situation on the Income, Employment and Output of the economy, assuming all other factors constant.

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Question 77

Read the following statements carefully : Statement 1 : Consumption and Savings are the components of National output of an economy. Statement 2 : Higher level of Income often leads to lower savings. In the light of the given statements, choose the correct alternative from the following :

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