| Calculate marginal propensity to consume from the following data about an economy which is in equilibrium: |
| National Income = 1500 |
| Autonomous consumption expenditure = 300 |
| Investment expenditure = 300 |
| Calculate net domestic product at factor cost from the following: | ||
| (Rs. Arab) | ||
| (i) | Net current transfers to abroad | 5 |
| (ii) | Government final consumption expenditure | 100 |
| (iii) | Net indirect tax | 80 |
| (iv) | Private final consumption expenditure | 300 |
| (v) | Consumption of fixed capital | 20 |
| (vi) | Gross domestic fixed capital formation | 50 |
| (vii) | Net imports | (-)10 |
| (viii) | Closing stock | 25 |
| (ix) | Opening stock | 25 |
| (x) | Net factor income to abroad | 10 |
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