{"@context":"https://schema.org/","@type":"Quiz","dateCreated":"2024-05-18T10:20:34.256Z","dateModified":"2025-03-27T08:10:46.278Z","typicalAgeRange":"11-18","educationalLevel":"CUET (UG)","assesses":"Economics - Economics and economic theories","educationalAlignment":[{"@type":"AlignmentObject","alignmentType":"educationalTopic","targetName":"Economics and economic theories"},{"@type":"AlignmentObject","alignmentType":"educationalSubject","targetName":"Economics"},{"@type":"AlignmentObject","alignmentType":"educationalExam","targetName":"CUET (UG)"}],"name":"Quiz about Economics and economic theories","about":{"@type":"Thing","name":"Economics - Economics and economic theories"},"hasPart":[{"@type":"Question","eduQuestionType":"Multiple choice","learningResourceType":"Practice problem","educationalLevel":"intermediate","name":"Question About Economics and economic theories","text":"In an Economy, the value of multiplier is 4 times, and autonomous consumption is ₹30 crore. The relevant consumption function for this economy would be:}","encodingFormat":"text/markdown","comment":{"@type":"Comment","text":"\"\""},"suggestedAnswer":[{"@type":"Answer","position":0,"encodingFormat":"text/markdown","text":"

C = 30 + 0.75y

","comment":{"@type":"Comment","text":"\"\""}},{"@type":"Answer","position":1,"encodingFormat":"text/markdown","text":"

C = (-) 30 - 0.75y

","comment":{"@type":"Comment","text":"\"\""}},{"@type":"Answer","position":2,"encodingFormat":"text/markdown","text":"

C = 30 - 0.75y

","comment":{"@type":"Comment","text":"\"\""}},{"@type":"Answer","position":3,"encodingFormat":"text/markdown","text":"

C = 30 - 0.25y

","comment":{"@type":"Comment","text":"\"\""}}],"acceptedAnswer":{"@type":"Answer","position":0,"encodingFormat":"text/markdown","text":"

C = 30 + 0.75y

","comment":{"@type":"Comment","text":"\"\""},"answerExplanation":{"@type":"comment","text":"The correct option is (A): C = 30 + 0.75y"}}}]}

In an Economy, the value of multiplier is 4 times, and autonomous consumption is ₹30 crore. The relevant consumption function for this economy would be:

The Correct Option is A

Solution and Explanation

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