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Group 9 - Section A - MEP Assignment2

The document presents real GDP, private final consumption expenditure, real gross consumption, and population data for India from 2018-19 to 2004-05. It also calculates GDP per capita and consumption per capita for each year. A scatter plot and linear regression formula show a positive relationship between GDP per capita and consumption per capita, with GDP/capita increasing by Rs. 1.81 for every Rs. 1 increase in consumption per capita. The marginal propensity to consume is calculated as 0.55, meaning an increase of Rs. 1 billion in income results in Rs. 0.55 billion increase in consumption.

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Sudhir Pawar
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Download as XLSX, PDF, TXT or read online on Scribd
45 views

Group 9 - Section A - MEP Assignment2

The document presents real GDP, private final consumption expenditure, real gross consumption, and population data for India from 2018-19 to 2004-05. It also calculates GDP per capita and consumption per capita for each year. A scatter plot and linear regression formula show a positive relationship between GDP per capita and consumption per capita, with GDP/capita increasing by Rs. 1.81 for every Rs. 1 increase in consumption per capita. The marginal propensity to consume is calculated as 0.55, meaning an increase of Rs. 1 billion in income results in Rs. 0.55 billion increase in consumption.

Uploaded by

Sudhir Pawar
Copyright
© © All Rights Reserved
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Private final Real Gross

Consumption
consumption Real GDP Population * GDP Per capita
Year per capita
expenditure in ₹

Rupees Crore Rupees Crore Crore


2018-19 8,016,674 14,077,586 135.3 59,251 104,047
2017-18 7,417,489 13,179,857 133.9 55,396 98,431
2016-17 6,904,085 12,298,327 132.5 52,106 92,818
2015-16 6,381,419 11,369,493 131.1 48,676 86,724
2014-15 5,912,657 10,527,674 129.6 45,622 81,232
2013-14 5,557,329 9,801,370 128.1 43,383 76,513
2012-13 5,179,091 9,213,017 126.6 40,909 72,773
2011-12 4,910,447 8,736,329 125.1 39,252 69,835
2010-11 4,571,175 8,301,235 123.4 37,044 67,271
2009-10 4,283,319 7,651,078 121.8 35,167 62,817
2008-09 4,079,321 7,093,403 120.1 33,966 59,062
2007-08 3,905,443 6,881,007 118.3 33,013 58,166
2006-07 3,640,367 6,391,375 116.5 31,248 54,862
2005-06 3,469,138 5,914,614 114.8 30,219 51,521
2004-05 3,228,436 5,480,380 113.1 28,545 48,456

* Population data has been extracted from https://data.worldbank.org/country/india


Other data has bee extracted from RBI website as per the instructions
120000

100000 f(x) = 1.8112274727x - 1813.2484628441

80000
GDP per capita

60000

40000

20000

0
25000 30000 35000 40000 45000 50000 55000 60000 65000
Consumption per capita

GDP/capita = 1.8112*(Consumption/capita) - 1813.2

Marginal Propensity to consume = 0.552120141

An increase of Rs. 1 billion in income will result in Rs. 0.55 billion increase in consumption
n consumption

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