CUET Economics - In an Economy , total savings are rs. 2000 crores and the ratio of average propensity to save and average propensity to consume is 2: 7. Calculate the level of income in the economy? | PYQs + Solutions

CUET Economics 2025 30 May Shift 1

Macro

Medium

2000 crores.

7000 crores.

9000 crores.

14,000 crores.

✅ Correct Option: 3

Related questions:

15 May Shift 1

Given that in an economy, consumption function is

C = 80 + 0.80Y and autonomous investment (I) = 120,

Match List-I with List-II

List-I	List-II
(A) Equilibrium level of income	(I) 400
(B) Break-even point	(II) 120
(C) Investment multiplier	(III) 5
(D) Value of savings at equilibrium	(IV) 1000

Choose the correct answer from the options given below:

3 June Shift 2

In macroeconomics, when a price is constant, equilibrium is achieved at a point where?

26 May Shift 2

Arrange the following in chronological order, starting from the earliest.

(A) Publishing of 'An inquiry into the Nature and Cause of the Wealth of Nations'.

(B) The Great Depression.

(D) Publishing of 'General Theory of Employment, Interest and Money'.

Choose the correct answer from the options given below:

CUET Economics 2025 30 May Shift 1 PYQs