Question
What is meant by transfer income?
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| S. No. | Items | ₹(in crore) |
| (i) | Total expenditure | 1,00,000 |
| (ii) | Total receipts | 88,000 |
| Price (₹) | Demand (dx) | Demand (dy) | Market demand |
| 1 | 7 | 16 | - |
| 2 | 6 | 14 | - |
| 3 | 5 | 12 | - |
| 4 | 4 | 8 | - |
| National Income | = | 1200 |
| Autonomous consumption expenditure | = | 150 |
| Marginal Propensity to consume | = | 0.8 |