Suppose in a country investment increases by ₹ 100 crores and consumption is given by C= 10 +0.6Y. How much increase will there take place in income?
CA Foundation · Business Economics · MTP · September 2024
Suppose in a country investment increases by ₹ 100 crores and consumption is given by C= 10 +0.6Y. How much increase will there take place in income?
Suggested Answer and Working Notes:
Correct Answer: Option (C)
C. 150
Topics: Determination of National Income
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