Question:
Using the given information, complete the following table:
Income (Y)
(in ₹ crore) Savings
(in ₹ crore) Consumption
(in ₹ crore) Average Propensity to Consume (APC) 0 (i) 30 - 100 0 30 1 200 30 170 0.85 300 60 240 0.8
Using the given information, complete the following table:
| Income (Y) (in ₹ crore) | Savings (in ₹ crore) | Consumption (in ₹ crore) | Average Propensity to Consume (APC) |
|---|---|---|---|
| 0 | (i) | 30 | - |
| 100 | 0 | 30 | 1 |
| 200 | 30 | 170 | 0.85 |
| 300 | 60 | 240 | 0.8 |
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To calculate savings, use the formula: Savings = Income - Consumption. To calculate APC, use the formula: APC = Consumption / Income.
Updated On: Jul 1, 2025
- - 30, 120
- 30, 120
- 0, 70
- - 30, 100
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The Correct Option is D
Solution and Explanation
\text{To complete the table:}
\text{1. The formula for Savings is: } S = Y - C \text{, where } C \text{ is consumption.}
\text{2. For Income = 0, Savings (i) is: } S = 0 - 30 = -30.
\text{3. For Income = 100, Savings (ii) is: } S = 100 - 30 = 70.
\[\text{4. APC is calculated as: } APC = \frac{C}{Y}.\] \[\text{For Income = 100, APC = } \frac{30}{100} = 1.\]
\text{1. The formula for Savings is: } S = Y - C \text{, where } C \text{ is consumption.}
\text{2. For Income = 0, Savings (i) is: } S = 0 - 30 = -30.
\text{3. For Income = 100, Savings (ii) is: } S = 100 - 30 = 70.
\[\text{4. APC is calculated as: } APC = \frac{C}{Y}.\] \[\text{For Income = 100, APC = } \frac{30}{100} = 1.\]
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