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. Rs 0.8
B. Rs 800
C. Rs 810
D. Rs 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. Rs 0.8 B. Rs 800 C. Rs 810 D. Rs 0.81