Question:
Suppose that the full employment level of output of an economy is Rs. 2200 million, expenditure determined level of output is Rs. 2163 million, and the marginal propensity to consume is 0.75. The deflationary gap equals Rs. _____ million (round off to 2 decimal places).
Suppose that the full employment level of output of an economy is Rs. 2200 million, expenditure determined level of output is Rs. 2163 million, and the marginal propensity to consume is 0.75. The deflationary gap equals Rs. _____ million (round off to 2 decimal places).
Updated On: Oct 1, 2024
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Correct Answer: 9.25
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The correct answer is: 9.25
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