Determination of Income and Employment - Online Test
Q1. If MPC is less than one, it follows that
Answer : Option D
Explaination / Solution:
No Explaination.
Q2. Saving is an increasing function of income. It is
Answer : Option A
Explaination / Solution:
No Explaination.
Q3. Can the value of APS be negative?
Answer : Option D
Explaination / Solution:
No Explaination.
Q4. The value of APS can be negative when
Answer : Option B
Explaination / Solution:
No Explaination.
Q5. At low level of income saving is negative.
Answer : Option A
Explaination / Solution:
No Explaination.
Q6. The average propensity to consume can be greater than one
Answer : Option C
Explaination / Solution:
No Explaination.
Q7. APC can be greater than one when
Answer : Option A
Explaination / Solution:
No Explaination.
Q8. APC can also be greater than one when
Answer : Option A
Explaination / Solution:
No Explaination.
Q9. The investment multiplier is the ratio of
Answer : Option D
Explaination / Solution:
No Explaination.
Q10. What can be the minimum value of the investment multiplier?
Answer : Option B
Explaination / Solution:
No Explaination.
