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NextQ148

Read the following statements carefully : Statement I : At the break-even level of income, the value of slope of the consumption curve is zero. Statement II : Marginal Propensity to Consume (MPC) refers to the change in consumption per unit change in income. In the light of the given statements, choose the correct option from the following :

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Question 147

Suppose in a hypothetical economy, Y = 50 + 0.8Y + 100, where Y = National Income. The value of Investment Multiplier (K) would be ___________. (Choose the correct option to fill in the blank)

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