Economics Quiz
Authored by RAVINDER PAHUJA
Other
12th Grade
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16 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does APC (Average Propensity to Consume) indicate?
The ratio of aggregate consumption expenditure to aggregate income
The ratio of aggregate saving to aggregate income
The ratio of change in consumption to change in income
The ratio of change in saving to change in income
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does APC (Average Propensity to Consume) indicate?
The ratio of aggregate consumption expenditure to aggregate income
The ratio of aggregate saving to aggregate income
The ratio of change in consumption to change in income
The ratio of change in saving to change in income
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Can APC be more than 1?
Yes, when consumption is more than income i.e in case of disaving
No, as savings cannot be more than income
No, as additional consumption cannot be more than additional income
No, as additional saving cannot be more than additional income
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does APS (Average Propensity to Save) indicate?
The ratio of aggregate saving to aggregate income
The ratio of aggregate consumption expenditure to aggregate income
The ratio of change in saving to change in income
The ratio of change in consumption to change in income
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Can APS be more than 1?
No, as savings cannot be more than income
Yes, when consumption is more than income i.e in case of disaving
No, as additional consumption cannot be more than additional income
No, as additional saving cannot be more than additional income
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does MPC (Marginal Propensity to Consume) indicate?
The ratio of change in consumption to change in income
The ratio of aggregate saving to aggregate income
The ratio of aggregate consumption expenditure to aggregate income
The ratio of change in saving to change in income
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Can MPC be more than 1?
No, as additional consumption cannot be more than additional income
Yes, when consumption is more than income i.e in case of disaving
No, as savings cannot be more than income
No, as additional saving cannot be more than additional income
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