12th Class Economics Solved Paper - Economics 2012 Delhi Set-III

  • question_answer
    Find consumption expenditure from the followings:
    Items Amount
    Autonomous consumption Rs 100
    Marginal propensity to consume 0.70
    National Income Rs 1,000

    Answer:

    Given:
    C = Rs. 100
    MPC (b) = 0.70
    Y = Rs. 1,000
    To Calculate: Consumption Expenditure
    Consumption Expenditure (C) \[=~\overline{C}-bY=100+0.70\times ~1,000=Rs.\text{ }800\]


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