CBSE 2020 Class 12 Economics Outside Delhi Set 1 | Question 10

CBSE 2020 Class 12 Economics Outside Delhi Set 1

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Question : 10

Total: 47

If the value of Average Propensity to Consume (APC) is 0.8 and National Income is ₹4,000 crore, the value of savings will be ...........
(Choose the correct alternative)

₹ 100 crores
₹200 crores
₹800 crores
₹500 crores

Solution:

(c) ₹ 800 crores, when income is 4,000
Consumption is =0.8=‌

C

4000

=3,200
Saving = Income - Consumption (4,000−3,200)
=₹800 crores

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