Arrange the following in sequence for the steps how to calculate change income in an economy when there is change in investment in the economy for two rounds only.
A. In second round calculate Δy
B. Change in consumption in 1st round will become income for the second round
C. Estimate the Amount of investment in 1st round
D. Calculate Amount of money spent in 1st round
E. For the third round find Δy
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → C, D, A, B, E
C. Estimate the Amount of investment in 1st round
D. Calculate Amount of money spent in 1st round
A. In second round calculate Δy
B. Change in consumption in 1st round will become income for the second round
E. For the third round find Δy
The given answer is as per NTA.