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CBSE 2022 Class 12 Economics Delhi Set 1 (Term 2)
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Question : 3 of 21
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"In an economy, the autonomous consumption is and Marginal Propensity to Consume (MPC) is 0.6. If the equilibrium level of Income is 2,000 , then the autonomous investment is ." Justify the statement with valid calculation.
Solution:
Given Information: Autonomous consumption Marginal Propensity to Consume Equilibrium level of Income( ) Autonomous Investment At equilibrium level, Thus, At this level of income, should be but it is given which is not valid.Working Note:
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