Question : The value of consumption in an economy would be ____ if national income of the economy is 5000 crore and the ratio between APC and APS is 4:1.
Option 1: 5000
Option 2: 4000
Option 3: 3000
Option 4: 2000
Correct Answer: 4000
Solution : APC+APS=1
APC:APS= 0.80:0.20
Hence, Option B is correct.
Question : The value of consumption in an economy would be ___ if national income of the economy is 4000 crore and the ratio between APC and APS is 3:1.
Option 1: 1000
Option 2: 2000
Option 4: 4000
Question : The value of consumption in an economy would be ____ if national income of the economy is 2000 crore and the ratio between APC and APS is 3:2.
Option 1: 1500
Option 2: 1400
Option 3: 1300
Option 4: 1200
Question : The equilibrium level of income in an economy is Rs. 3000 crore. The autonomous consumption expenditure is equal to Rs.250 crore and investment expenditure is Rs. 1000 crore. Calculate consumption expenditure.
Option 1: 3000
Option 2: 1500
Option 3: 2000
Option 4: 1000
Question : The equilibrium level of income in an economy is Rs. 3000 crore. The autonomous consumption expenditure is equal to Rs.250 crore and investment expenditure is Rs. 1000 crore. Calculate saving function.
Option 1: S=250+(1+b)3000
Option 2: S=250-(1-b)3000
Option 3: S=250+(-b)3000
Option 4: S=250+(1-b)3000
Question : If APC of an economy is 0.75, what should be saving it in income level of Rs.5000 crore?
Option 1: 3500
Option 3: 3750
Option 4: 4750
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