Explain ‘consumption function’ with the help of a schedule and di… - Vidyadip

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Explain ‘consumption function’ with the help of a schedule and diagram.

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In an economy, 75 percent of the increase in income is spent on consumption. Investment is increased by Rs. 1,000 crore. Calculate:

Total increase in income
Total increase in consumption expenditure.

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10	180
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Increase in the price of inputs.
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