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Aggregate Demand, Consumption & Saving · Question 52 of 60

Question 52

HardOriginal question

The saving function is S = −60 + 0.3Y. The break-even level of income is

Options for question 52

Show the answer and explanation
CorrectNot quiteAnswer D

Correct answer: D

Explanation

  1. Break-even is where S = 0: 0.3Y = 60.

  2. Y = 60 ÷ 0.3 = ₹200 crore.

Concept
Break-even from the saving function
Typical time
100 s
Your time
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The rule this testsThe saving function and break-even
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