If the Keynesian consumption function is C = 10 + 0.8 Y then, if disposable income is Rs 1000, what is amount of total consumption?
A. ₹ 0.8
B. ₹ 800
C. ₹ 810
D. ₹ 0.81
Answer:C
If the Keynesian consumption function is C = 10 + 0.8 Y then, if disposable income is Rs 1000, what is amount of total consumption?
A. ₹ 0.8 B. ₹ 800 C. ₹ 810 D. ₹ 0.81