What will be the Total Income if the value of Average Propensity to Consume (APC) is 0.45 and Total Consumption = ₹900 crores ?
CA Foundation · Business Economics · PYQS · September 2024
What will be the Total Income if the value of Average Propensity to Consume (APC) is 0.45 and Total Consumption = ₹900 crores ?
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. ₹ 2,000 crores
Topics: Determination of National Income
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