macro question pls solve
Posted by mphil on Jun 26, 2014; 4:03am
URL: http://discussion-forum.276.s1.nabble.com/macro-question-pls-solve-tp7593623.html
Assuming life cycle hypothesis let a person starts working when he s 20 yrs old ,works until age 60 and expects to die at 70.if this person earns say 1.50 Lac annually when 20-30 years, 2lac annually when 30-45,3 Lac annually when 40-60 then his life time average propensity to consume s? a).60 b).70 c) .80 d ) .90. pls help