If an economy , Saving Function  is given by S `=(-)50+0.2Y and Y = Rs. 2,000`crores, consumption
Channel: Doubtnut
Date: 09/05/2020

If an economy , Saving Function  is given by S `=(-)50+0.2Y and Y = Rs. 2,000`crores, consumption expenditure for the economy would be Rs. 1,650 crores and the autonomous investment  is Rs. 50 crores and the marginal propensity to consume is 0.8 True or False ? Justify your answer with proper calculattions.