Test: Income Determination - 1


10 Questions MCQ Test NCERT Textbooks (Class 6 to Class 12) | Test: Income Determination - 1


Description
This mock test of Test: Income Determination - 1 for UPSC helps you for every UPSC entrance exam. This contains 10 Multiple Choice Questions for UPSC Test: Income Determination - 1 (mcq) to study with solutions a complete question bank. The solved questions answers in this Test: Income Determination - 1 quiz give you a good mix of easy questions and tough questions. UPSC students definitely take this Test: Income Determination - 1 exercise for a better result in the exam. You can find other Test: Income Determination - 1 extra questions, long questions & short questions for UPSC on EduRev as well by searching above.
QUESTION: 1

This a MCQ (Multiple Choice Question) based practice test of Chapter 4 - Income Determination of Economics of Class XII (12) for the quick revision/preparation of School Board examinations

Q  In a two sector economy Aggregate Demand equals

Solution:
QUESTION: 2

APC =

Solution:
QUESTION: 3

APS=

Solution:
QUESTION: 4

APC+APS=

Solution:
QUESTION: 5

APC= 1-APS.

It is

Solution:

The sum of the Average Propensity to Consume (APC) and Average Propensity to save (APS) is always equal to unity, i.e., APC + APS = 1. It is so because the money income can either be spent on consumption or it can be saved.

QUESTION: 6

In S= -a+ (1-b) Y, -a represents

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QUESTION: 7

The law of Psychological consumption states

Solution:
QUESTION: 8

MPC+MPS=

Solution:
QUESTION: 9

MPS= 1+MPC. It is

Solution:

MPS + MPC = 1

 

QUESTION: 10

The coefficient (1-b) is also known as

Solution: