CBSE 2020 Class 12 Economics Outside Delhi Set 3
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Question : 3 of 7
Marks:
+1,
-0
Given the following information, state whether the economy is in equilibrium or not:
| S.No. | Particulars | Amount |
|---|---|---|
| (i) | Autonomous Consumption & Investment Expenditure | ₹ 700 crores |
| (ii) | Marginal Propensity to Consume (MPC) | 0.8 |
| (iii) | National Income | ₹ 4,000 crores |
Solution:
The economy is in equilibrium when
Autonomous consumption and Investment expenditure crores
Marginal propensity to consume (MPC)
National Income crores
( crores is not equal to crores)
The economy is not in equilibrium.
Autonomous consumption and Investment expenditure crores
Marginal propensity to consume (MPC)
National Income crores
( crores is not equal to crores)
The economy is not in equilibrium.
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