If MPC = 0.75, autonomous consumption = 100 crore, then find the level of consumption at income level = 8,000 crore : Option 1: 7,000 crores Option 2: 6,100 crores Option 3: 6,900 crores Option 4: 7,100 crores

The answer is '6,100 crores'. View full solution:

CUET Economics - If MPC = 0.75, autonomous consumption = 100 crore, then find the level of consumption at income level = 8,000 crore : | PYQs + Solutions

CUET Economics

Macro

Easy

7,000 crores

6,100 crores

6,900 crores

7,100 crores

✅ Correct Option: 2

Related questions:

11 June Shift 3

Which of the following is not one of the components of aggregate demand in the economy ?

3 June Shift 2

Arrange the given case study considering this process of ex-ante to ex-post investment.

(A) At the end of the year, his inventory goes up by Rs 70 only

(B) Due to an unforeseen upsurge in demand for his goods in the market, the volume of sales exceeds

(D) To meet this extra demand, he has to sell goods worth Rs 30 from his stock

Choose the correct answer from the options given below:

29 May Shift 2

If the marginal propensity to consume is 0.6. Then what will be the value of tax multiplier?