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Income Determination & the Multiplier · Question 20 of 58

Question 20

MediumOriginal question

C = 100 + 0.8Y and planned investment is ₹50 crore. Equilibrium income is

₹187.5 croreCorrect answerYour answer₹250 croreCorrect answerYour answer₹500 croreCorrect answerYour answer₹750 croreCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer D

Correct answer: D

Y = (100 + 50) ÷ (1 − 0.8) = 150 ÷ 0.2 = ₹750 crore.

Concept: Equilibrium income
Typical timeTypical: 70 s
Your timeYours: —

The rule this testsFinding equilibrium income

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Ten questions from Income Determination & the Multiplier, at your own pace.

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