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Determination of Income and Employment — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsDetermination of Income and Employment1 Mark
Question
Let the consumption be C = 50 + 0.75Y, then calculate saving function?
✓

Answer

As we know that:
S = Y - C = Y - (50 + 0.75Y)
= Y - 50 - 0.75Y
S = -50 + Y(1 - 0.75) = -50 + 0.25Y

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