CUET Economics - In an economy, every time the National Income rises 20% of the rises in income is saved by households. Now suppose there is a rise in investment by 100 crores, then the National Income in this economy will rise by : | PYQs + Solutions

CUET Economics

Macro

Easy

$\overline{\mathbf{\tau}}$ 125 crores

$\overline{\mathbf{\tau}}$ 500 crores

$\overline{\mathbf{\tau}}$ 2000 crores

$\overline{\mathbf{\tau}}$ 20 crores

✅ Correct Option: 2

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If the autonomous consumption is given as 100 and the tendency of the people to increase consumption for an increase in income is only 20%, then derive the savings function.

CUET Economics PYQs

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