Question 19
MediumOriginal questionC = 40 + 0.75Y and planned investment is ₹60 crore. Equilibrium income is
Show the answer and explanation
CorrectNot quiteAnswer D
Correct answer: D
Explanation
Y = (40 + 60) ÷ (1 − 0.75) = 100 ÷ 0.25 = ₹400 crore.
Worth noting
₹133 crore divides by 0.75 instead of 0.25.
- Concept
- Equilibrium income
- Typical timeTypical
- 70 s
- Your timeYours
- —
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