Question : On the basis of consumption function: C=120+0.6Y. Determine saving at the income level of Rs.800.
Option 1: 100
Option 2: 150
Option 3: 250
Option 4: 200

Question

Question : On the basis of consumption function: C=120+0.6Y. Determine saving at the income level of Rs.800.

Option 1: 100

Option 2: 150

Option 3: 250

Option 4: 200

Team Careers360 · Accepted Answer

Correct Answer: 200

Solution : $C=\bar c +b(Y)$

$S=-\bar c +(1-b)Y$

$S=-120 +(1-0.6)800$

$S=200 \, crore$

$Hence, Option\, D\, is\, correct.$

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Question : On the basis of consumption function: C=120+0.6Y. Determine saving at the income level of Rs.800.Option 1: 100Option 2: 150Option 3: 250Option 4: 200

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Question : On the basis of consumption function: C=120+0.6Y. Determine saving at the income level of Rs.800.
Option 1: 100
Option 2: 150
Option 3: 250
Option 4: 200

Question : On the basis of consumption function: C=100+0.8Y. Determine saving at the income level of Rs.800.
Option 1: 80
Option 2: 60
Option 3: 100
Option 4: 120

Question : On the basis of consumption function: C=180+0.6Y. Determine consumption at the income level of Rs.500.
Option 1: 500
Option 2: 480
Option 3: 300
Option 4: 600

Question : On the basis of consumption function: C=20+0.6Y. Determine consumption at the income level of Rs.600.
Option 1: 280
Option 2: 300
Option 3: 380
Option 4: 400

Question : Using the consumption function, Calculate saving at income level of 2500 crore, if autonomous consumption is 200 crore and 60% of additional income is consumed.
Option 1: 1000
Option 2: 600
Option 3: 800
Option 4: 200

Question : Using the consumption function, Calculate consumption at income level of 2500 crore, if autonomous consumption is 100 crore and 40% of additional income is consumed.
Option 1: 1000
Option 2: 1100
Option 3: 900
Option 4: 800