Question:
Suppose, the value of Average Propensity to Consume (APC) is 0.8 and National Income is ₹ 4,000 crores, the value of saving would be ₹ ____ crores. (Choose the correct option to fill up the blank)
Suppose, the value of Average Propensity to Consume (APC) is 0.8 and National Income is ₹ 4,000 crores, the value of saving would be ₹ ____ crores. (Choose the correct option to fill up the blank)
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Saving = National Income – Consumption; Consumption = APC × National Income.
Updated On: July 22, 2025
- 100
- 200
- 500
- 800
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Verified By Collegedunia
The Correct Option is B
Solution and Explanation
Given:
\[
APC = 0.8, \ Y = ₹ 4000 \ \text{crores}
\]
Consumption (C) = \( 0.8 \times 4000 = ₹ 3200 \ \text{crores} \)
Saving (S) = \( Y - C = 4000 - 3200 = ₹ 800 \ \text{crores} \)
Hence, saving is ₹ 800 crores.
Correction to options: The correct answer should be (D) 800.
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