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Income Determination & the Multiplier · Question 22 of 58

Question 22

MediumOriginal question

The saving function is S = −20 + 0.2Y and planned investment is ₹40 crore. Equilibrium income is

Options for question 22

Show the answer and explanation
CorrectNot quiteAnswer D

Correct answer: D

Explanation

  1. S = I: −20 + 0.2Y = 40, so 0.2Y = 60.

  2. Y = ₹300 crore.

Concept
Equilibrium from S = I
Typical time
70 s
Your time
—
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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Ten questions from Income Determination & the Multiplier, at your own pace.

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