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Income level ...

Question

Income level and consumption are the conventional indicators used for measuring poverty.

A

True

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B

False

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Solution

The correct option is A True

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Q. Derive a straight line saving curve using the following consumption function: C = 20 + 0.6 Y. Presuming the income levels to be Rs. 100, Rs. 200 and Rs. 300 crores. Also calculate that level of income where consumption is equal to income.

Given, the consumption function, C = 150 + 0.6Y, where C = consumption expenditure, Y = income and investment expenditure = Rs 2,000. Calculate:

(i) Equilibrium level of national income

(ii) Consumption at equilibrium level of national income

(iii) Saving at equilibrium level of national income

Q. In an economy, the consumption function is C = 600 + 0.9 Y, where C is consumption expenditure and is income. Calculate the equilibrium level of income and consumption expenditure, when investment expenditure is 500.
(Equilibrium level of income 11,000; Consumption expenditure = 10,500.)

Q. Long Answer Type Questions:
Explain determination of equilibrium level of income using 'Consumption plus Investment' approach. Use diagram.

Q. In an economy, C = 300 + 0.8 Y and I = 500 (where C = Consumption, Y = Income, I = Investment) Calculate the following: (a) Equilibrium level of income; (b) Consumption expenditure at equilibrium level of income.

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