wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

When C = 300 + 0.8Y and Y = 1,000, saving at zero income level will be


A

300

No worries! We‘ve got your back. Try BYJU‘S free classes today!
B

-300

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C

1,100

No worries! We‘ve got your back. Try BYJU‘S free classes today!
D

800

No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is B

-300


C + S = Y

At zero income level,

C = -S

When Y = 0, C = 300 + 0.8(0) = 300

Therefore, S = -300


flag
Suggest Corrections
thumbs-up
10
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Effects of an Autonomous Change on Equilibrium Demand in the Product Market
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon