Multiple Choice Questions on Suppose in a hypothetical economy the income rises from rs 5 000 crores to rs 6 000 crores........... for 12th Standard Preparation

Introductory Macro Economics

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Suppose in a hypothetical economy, the income rises from rs 5,000 crores to rs 6,000 crores. As a result, the consumption expenditure rises from rs 4,000 crores to rs 4,600 crores. Marginal propensity to consume in such a case would be ______

0.8

0.4

0.2

0.6

Explanation:

0.6

By: santosh

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