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Consider the following statements. 1. When GDP rises, disposable income also rises but by less than the rise in GDP because a part of it is siphoned off as taxes2. During a recession when GDP falls, disposable income falls less sharply, and consumption drop as much as it otherwise would have fallen had the tax liability been fixedWhich of these statements are correct?a) 1 Onlyb) 2 Onlyc) Both of themd) Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements. 1. When GDP rises, disposable income also rises but by less than the rise in GDP because a part of it is siphoned off as taxes2. During a recession when GDP falls, disposable income falls less sharply, and consumption drop as much as it otherwise would have fallen had the tax liability been fixedWhich of these statements are correct?a) 1 Onlyb) 2 Onlyc) Both of themd) Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements. 1. When GDP rises, disposable income also rises but by less than the rise in GDP because a part of it is siphoned off as taxes2. During a recession when GDP falls, disposable income falls less sharply, and consumption drop as much as it otherwise would have fallen had the tax liability been fixedWhich of these statements are correct?a) 1 Onlyb) 2 Onlyc) Both of themd) Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?.

Solutions for Consider the following statements. 1. When GDP rises, disposable income also rises but by less than the rise in GDP because a part of it is siphoned off as taxes2. During a recession when GDP falls, disposable income falls less sharply, and consumption drop as much as it otherwise would have fallen had the tax liability been fixedWhich of these statements are correct?a) 1 Onlyb) 2 Onlyc) Both of themd) Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of Consider the following statements. 1. When GDP rises, disposable income also rises but by less than the rise in GDP because a part of it is siphoned off as taxes2. During a recession when GDP falls, disposable income falls less sharply, and consumption drop as much as it otherwise would have fallen had the tax liability been fixedWhich of these statements are correct?a) 1 Onlyb) 2 Onlyc) Both of themd) Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Consider the following statements. 1. When GDP rises, disposable income also rises but by less than the rise in GDP because a part of it is siphoned off as taxes2. During a recession when GDP falls, disposable income falls less sharply, and consumption drop as much as it otherwise would have fallen had the tax liability been fixedWhich of these statements are correct?a) 1 Onlyb) 2 Onlyc) Both of themd) Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Consider the following statements. 1. When GDP rises, disposable income also rises but by less than the rise in GDP because a part of it is siphoned off as taxes2. During a recession when GDP falls, disposable income falls less sharply, and consumption drop as much as it otherwise would have fallen had the tax liability been fixedWhich of these statements are correct?a) 1 Onlyb) 2 Onlyc) Both of themd) Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Consider the following statements. 1. When GDP rises, disposable income also rises but by less than the rise in GDP because a part of it is siphoned off as taxes2. During a recession when GDP falls, disposable income falls less sharply, and consumption drop as much as it otherwise would have fallen had the tax liability been fixedWhich of these statements are correct?a) 1 Onlyb) 2 Onlyc) Both of themd) Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consider the following statements. 1. When GDP rises, disposable income also rises but by less than the rise in GDP because a part of it is siphoned off as taxes2. During a recession when GDP falls, disposable income falls less sharply, and consumption drop as much as it otherwise would have fallen had the tax liability been fixedWhich of these statements are correct?a) 1 Onlyb) 2 Onlyc) Both of themd) Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice UPSC tests.