determination of income-SISECO

MPC=

• change in consumption/change in income

• income/consumption

Components of Aggregate demand are

• Consumption(C) & Investment(I)

• Consumtion(C) & saving(S)

National income is determined where

• AD=AS

• AD+AS

Autonomous consumption is equal to

• Saving

• Dissaving

Y=C+=?

• Saving(S)

• Export(X)

APC+APS=?

• 1

• zero

Two components of AS(Aggregate supply) are

• C+G

• C+S

Autonomous Consumption is __________________ related to the level of Income.

• Totally

• Inversely

• Positively

• Not

Average propensity to Consume is equal to :-

• Y/C

• ΔY/ΔS

• C/Y

• ΔC/ΔY

The Maximum value of MPC can be:-

• 0.5

• Infinity

• 1

• 0