If the value of Average Propensity to Consume (APC) is 0.8 and national income is `R.s. 4,000 crores, the value of savings will be ............ . (Choose the correct alternative)
A. ` R.s.100 crores
B. `R.s. 200 crores
C. ` R.s.800 crores
D. `R.s. 500 crores
Answer:C
If the value of Average Propensity to Consume (APC) is 0.8 and national income is `R.s. 4,000 crores, the value of savings will be ............ . (Choose the correct alternative)
A. ` R.s.100 crores B. `R.s. 200 crores C. ` R.s.800 crores D. `R.s. 500 crores