In an economy the equilibrium level of income is Rs.1200 Crore. MPC:MPS = 3:1 DI =?
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In an economy the equilibrium level of income is Rs.1200 Crore. MPC:MPS = 3:1 DI =?
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Answers
Mr. Ansul
New equilibrium income = Rs. 20000 Crore
=20000-12000=8000 Crore
K= 1/MPS = 1/0.25 = 4
DI = DY/K = 8000/4 = Rs.2000 Crore