Question : Find national income from the following:
Autonomous consumption = Rs. 60
MPC= 0.75.
Investment = 250
Option 1: 1240
Option 2: 1220
Option 3: 1320
Option 4: 1440
Correct Answer: 1240
Solution : C= 60+0.75Y
I= 250
Y=C+I
Y= 60+0.75Y+250
0.25Y= 310
Y= 1240 crore
Hence, Option A is correct.


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