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find changed in consumption, when 40%of income is always saved and current income is twice the initial income of Rs.80,000?
? Related: Chapter Notes - Money and Banking
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find changed in consumption, when 40%of income is always saved and cur...
Initial Scenario:
- Initial income = Rs. 80,000
- Savings rate = 40%
- Consumption = 60% of income
- Savings = 40% of income
Calculation:
- Initial savings = 40% of Rs. 80,000 = Rs. 32,000
- Initial consumption = Rs. 80,000 - Rs. 32,000 = Rs. 48,000
New Scenario:
- Current income = 2 * Rs. 80,000 = Rs. 160,000
- Savings rate remains constant at 40%
- New savings = 40% of Rs. 160,000 = Rs. 64,000
- New consumption = Rs. 160,000 - Rs. 64,000 = Rs. 96,000
Change in Consumption:
- Change in consumption = New consumption - Initial consumption
- Change in consumption = Rs. 96,000 - Rs. 48,000 = Rs. 48,000
Therefore, the changed consumption when 40% of income is always saved and the current income is twice the initial income of Rs. 80,000 is Rs. 48,000.
- Initial income = Rs. 80,000
- Savings rate = 40%
- Consumption = 60% of income
- Savings = 40% of income
Calculation:
- Initial savings = 40% of Rs. 80,000 = Rs. 32,000
- Initial consumption = Rs. 80,000 - Rs. 32,000 = Rs. 48,000
New Scenario:
- Current income = 2 * Rs. 80,000 = Rs. 160,000
- Savings rate remains constant at 40%
- New savings = 40% of Rs. 160,000 = Rs. 64,000
- New consumption = Rs. 160,000 - Rs. 64,000 = Rs. 96,000
Change in Consumption:
- Change in consumption = New consumption - Initial consumption
- Change in consumption = Rs. 96,000 - Rs. 48,000 = Rs. 48,000
Therefore, the changed consumption when 40% of income is always saved and the current income is twice the initial income of Rs. 80,000 is Rs. 48,000.
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find changed in consumption, when 40%of income is always saved and current income is twice the initial income of Rs.80,000? Related: Chapter Notes - Money and Banking?
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find changed in consumption, when 40%of income is always saved and current income is twice the initial income of Rs.80,000? Related: Chapter Notes - Money and Banking? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about find changed in consumption, when 40%of income is always saved and current income is twice the initial income of Rs.80,000? Related: Chapter Notes - Money and Banking? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for find changed in consumption, when 40%of income is always saved and current income is twice the initial income of Rs.80,000? Related: Chapter Notes - Money and Banking?.
find changed in consumption, when 40%of income is always saved and current income is twice the initial income of Rs.80,000? Related: Chapter Notes - Money and Banking? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about find changed in consumption, when 40%of income is always saved and current income is twice the initial income of Rs.80,000? Related: Chapter Notes - Money and Banking? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for find changed in consumption, when 40%of income is always saved and current income is twice the initial income of Rs.80,000? Related: Chapter Notes - Money and Banking?.
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