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-
1000301
200301700.85
300602400.8

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To calculate savings, use the formula: Savings = Income - Consumption. To calculate APC, use the formula: APC = Consumption / Income.
Updated On: July 22, 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.
\[\text{4. APC is calculated as: } APC = \frac{C}{Y}.\] \[\text{For Income = 100, APC = } \frac{30}{100} = 1.\]
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