Please explain the method by which the following schedule has been method.
2018 Economics Board Paper Solution
Dear Student,
This schedule is made with the help of initial consumption and MPC.
When initial Income is 100 crore and MPC = .6, consumption = 60/100* 100= 60 and saving is equal to income - consumption = 40.
Regards
This schedule is made with the help of initial consumption and MPC.
When initial Income is 100 crore and MPC = .6, consumption = 60/100* 100= 60 and saving is equal to income - consumption = 40.
Regards