An economy is in equilibrium. Find investment expenditure.

National income = 1200

Autonomouns consumption expenditure = 150

Marginal propernsity to consumer = 0.8

Define utility. Explain the diminishing law of utility.

Define fiscal deficit.

If nominal income is Rs 500 and the price index is 125, calculate the real income.

Explain the role of the cash reserve ratio in controlling credit creation.