Saving function,derivation of saving equation,derivation of saving curve,diagram(Keynesian lecture7) скачать в хорошем качестве

Saving function,derivation of saving equation,derivation of saving curve,diagram(Keynesian lecture7)

Answer the following functions 1. Define saving function? Answer format- definition, table, diagram, explanation of table and diagram in 4 points) 2. Write down the mathematical equation of saving function. Explain its parts. 3. Derive the equation of savings from consumption function. 4. Draw on a diagram a straight line savings curve for an economy. From it derive the consumption curve, explaining the method of derivation. 5. Draw on a diagram a straight line consumption curve for an economy. From it derive the savings curve, explaining the method of derivation. --- 6. Using the consumption function C = C + b Y. Calculate savings at income of ₹ 2000 cr. If autonomous consumption is ₹ 150 cr. and 40% of additional income is consumed. (Hint: 40% of additional income consumed reflects MPC = 40/100=0.4) 7. The saving function is given as S = -120 + 0.5 Y .Draw a diagram showing saving at income levels of 0, 200, 400, 600, 800 8. The saving curve makes an intercept of ₹ 40 cr. on the negative Y-axis. If consumers spend 60% of additional income, then determine (i) saving function (ii) consumption (iii) break-even level of income #HarMaya#Group#Keynesian#Economics#