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Test: Income Determination - 1


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10 Questions MCQ Test Indian Economy for UPSC CSE | Test: Income Determination - 1

Test: Income Determination - 1 for UPSC 2022 is part of Indian Economy for UPSC CSE preparation. The Test: Income Determination - 1 questions and answers have been prepared according to the UPSC exam syllabus.The Test: Income Determination - 1 MCQs are made for UPSC 2022 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Income Determination - 1 below.
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Test: Income Determination - 1 - 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

Test: Income Determination - 1 - Question 2

APC =

Test: Income Determination - 1 - Question 3

APS=

Test: Income Determination - 1 - Question 4

APC+APS=

Test: Income Determination - 1 - Question 5

APC= 1-APS.

It is

Detailed Solution for Test: Income Determination - 1 - Question 5

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.

Test: Income Determination - 1 - Question 6

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

Test: Income Determination - 1 - Question 7

The law of Psychological consumption states

Test: Income Determination - 1 - Question 8

MPC+MPS=

Test: Income Determination - 1 - Question 9

MPS= 1+MPC. It is

Detailed Solution for Test: Income Determination - 1 - Question 9

MPS + MPC = 1

 

Test: Income Determination - 1 - Question 10

The coefficient (1-b) is also known as

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