Question
When C = 300 + 0.8Y and Y = 1,000, saving at zero income level will be
Answer: Option B
:
B
C + S = Y
At zero income level,
C = -S
When Y = 0, C = 300 + 0.8(0) = 300
Therefore, S = -300
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:
B
C + S = Y
At zero income level,
C = -S
When Y = 0, C = 300 + 0.8(0) = 300
Therefore, S = -300
Was this answer helpful ?
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