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Economics · 2023 · 1 mark
Determination of Income and EmploymentDetermination of Equilibrium Income in the Short Run1 markApplymcq
CBSE 2023 · Region 3 · Set 1 · Q6
(i) If in an economy, the value of Investment Multiplier is 5 and dissavings are (–)100 crore, the relevant savings at income level of ₹ 1,400 crore…
If in an economy, the value of Investment Multiplier is $\displaystyle 5$ and dissavings are (–)$\displaystyle 100$ crore, the relevant savings at income level of ₹ $\displaystyle 1,400$ crore would be ₹ ________ crore.
(Choose the correct alternative to fill up the blank)
The range of value of Investment Multiplier is always between ______ and ______. (Choose the correct alternative to fill up the blanks)
Official answer
(i) → (B)
(ii) → (B)
Marking-scheme solution
Branch (i) : (B) $\displaystyle 180$
OR
Branch (ii) : (B) one (+ $\displaystyle 1$), infinity (∞)
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CBSE Class 12 Economics past-paper question from the 2023 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.