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Aggregate Demand, Consumption & Saving · Question 47 of 60

Question 47

MediumOriginal question

The saving function is S = −30 + 0.25Y. At an income of ₹200 crore, saving is

Options for question 47

Show the answer and explanation
CorrectNot quiteAnswer B

Correct answer: B

Explanation

  1. S = −30 + 0.25 × 200 = −30 + 50 = ₹20 crore.

Concept
Using the saving function
Typical time
70 s
Your time
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The rule this testsThe saving function and break-even
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