CBSE 2017 Class 12 Economics Delhi Set-3

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Question : 1
Total: 2
SECTION-B
(Macro-economics)

An economy is in equilibrium. From the following data, calculate autonomous consumption.
(i) Income =10000
(ii) Marginal propensity to save =0.2
(iii) Investment =1500
Solution:  
(a) Income =10,000
(b) Marginal Propensity to save =0.2
(c) Investment =1500
Y=C+I
10,000=C+1500
C=8500
MPC=1MPS
=10.2
=0.80
C=c+by
8500=c+0.80×10,000
8500=c+8000
c=85008000
=500
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