Determination of Income and Employment - Online Test

Q1. In a two sector economy Aggregate Demand equals
Answer : Option C
Explaination / Solution:
No Explaination.


Q2. APC =
Answer : Option B
Explaination / Solution:
No Explaination.


Q3. APS=
Answer : Option B
Explaination / Solution:
No Explaination.


Q4. APC+APS=
Answer : Option C
Explaination / Solution:
No Explaination.


Q5. APC+APS should always be equal to 1
Answer : Option A
Explaination / Solution:
No Explaination.


Q6. Consumption changes in the same direction as income. It is
Answer : Option A
Explaination / Solution:
No Explaination.


Q7. The law of Psychological consumption states
Answer : Option C
Explaination / Solution:
No Explaination.


Q8. MPC+MPS=
Answer : Option D
Explaination / Solution:
No Explaination.


Q9. MPS= 1+MPC. It is
Answer : Option B
Explaination / Solution:
No Explaination.


Q10. What is meant by investment
Answer : Option D
Explaination / Solution:
No Explaination.