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CBSE 2020 Class 12 Economics Outside Delhi Set 1

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Question : 10 of 47
Marks: +1, -0
If the value of Average Propensity to Consume (APC) is 0.8 and National Income is ₹4,000\text{₹} 4,000 crore, the value of savings will be ...........
(Choose the correct alternative)
Solution:  
(c) ₹ 800 crores, when income is 4,000
Consumption is =0.8=  C4000=3,200=0.8=\;\frac{C}{4000}=3,200
Saving == Income - Consumption (4,000−3,200)(4,000-3,200)
=₹800=\text{₹} 800 crores
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