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Economics · 2024 · 1 mark
Determination of Income and EmploymentDetermination of Equilibrium Income in the Short Run1 markApplymcq
CBSE 2024 · Region 1 · Set 1 · Q9
Suppose for a hypothetical economy: C = 100 + 0·75Y (where C = Consumption and Y = Income) I_0 = 400 (I_0 = Autonomous Investment) Value of…
Suppose for a hypothetical economy :C = $\displaystyle 100$ + $\displaystyle 0$·75Y (where C = Consumption and Y = Income)I$\displaystyle _0$ = $\displaystyle 400$ (I$\displaystyle _0$ = Autonomous Investment)Value of Investment Multiplier (K) would be ____________.(Choose the correct alternative to fill in the blank)
Official answer
(B)
$\displaystyle 4$
Marking-scheme solution
(B)
$\displaystyle 4$
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CBSE Class 12 Economics past-paper question from the 2024 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.