Question:
Suppose for an economy, autonomous consumption stands as ₹100 crore and total consumption is ₹130 crores. The value of induced consumption would be ....... crores.
Suppose for an economy, autonomous consumption stands as ₹100 crore and total consumption is ₹130 crores. The value of induced consumption would be ....... crores.
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Induced consumption refers to the portion of consumption that changes with the level of income or output in the economy.
Updated On: Jan 13, 2026
- 30
- 80
- 100
- 130
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The Correct Option is A
Solution and Explanation
Induced consumption is the difference between total consumption and autonomous consumption. In this case, it is calculated as: $130 - 100 = 30 \text{ crores.} $
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