Advertisements
Advertisements
Question
If the Keynesian consumption function is C=10+0.8 Y then, if the disposable income is Rs 1000, what is the amount of total consumption?
Options
₹ 0.8
₹ 800
₹ 810
₹ 0.81
Solution
₹ 810
APPEARS IN
RELATED QUESTIONS
An increase in the marginal propensity to consume will:
If the Keynesian consumption function is C=10+0.8Y then, when disposable income is Rs 100, what is the marginal propensity to consume?
If the Keynesian consumption function is C=10+0.8 Y then, and disposable income is ₹100, what is the average propensity to consume?
As national income increases______.
An increase in consumption at any given level of income is likely to lead to ______.
The MPC is equal to :
The relationship between total spending on consumption and the total income is the _______.
The sum of the MPC and MPS is _______.
As income increases, consumption will _________.
What do you mean by propensity to consume?
Define marginal propensity to consume (MPC).
What do you mean by a propensity to save?
Define average propensity to save (APS).
State the propositions of Keynes’s Psychological Law of Consumption.
Explain any three subjective and objective factors influencing the consumption function.
Explain Keynes's psychological law of consumption function with a diagram.
Briefly explain the subjective and objective factors of consumption function?
