Jnu 2008

Posted by Anjali on Mar 23, 2014; 11:31am
URL: http://discussion-forum.276.s1.nabble.com/Jnu-2008-tp7585385.html

Suppose aggregate income in an economy is equal to total wages plus total profits. 40 % of all profits are saved. If the share of wages in aggregate income is 60% and the rate of saving in the economy is 0.25 , the fraction of wages saved in the economy is ?
0.09
0.15
0.16
0.24