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Determination of Income employment and output: Investment multiplier

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

The value of multiplier depends on

a)

investment

b)

income

c)

Marginal Propensity to consume

d)

Average Propensity to consume

2.

Who is the author of the book The general Theory of Employment and Money

a)

Ricardo

b)

J.M Keynes

c)

J.B Ray

d)

Adam Smith

3.

Which of the following can be negative ?

a)

APC

b)

APS

c)

MPC

d)

MPS

4.

Consumption Function is the Functional Relation between

a)

Income and saving

b)

Price level and consumption

c)

Income and consumption

d)

ALL OF THE ABOVE

5.

Value of Investment Multiplier directly related to MPC but inversely related with

a)

APC

b)

MPS

c)

APS

d)

NONE OF THESE

6.

What will be the value of Multiplier if MPC = 0.75 ?

a)

4

b)

5

c)

2

d)

3

7.

If value of Investment Multiplier can be more then 5 if

a)

MPC-MPS-0.5

b)

MPC<=0.8

c)

MPC>=0.8

d)

MPS<0.2

8.

When Income is Zero, Then saving will be

a)

0

b)

-ve

c)

+ve

d)

None of these

9.

Whose value can be greater than I ?

a)

APC

b)

MPC

c)

MPS

d)

NONE OF THESE

10.

What will be the value of Multiplier if MPC=MPS ?

a)

0

b)

1

c)

2

d)

none of the these

11.

What is the relationship between Multiplier and MPC ?

a)

POSITIVE

b)

NEGATIVE

c)

NOT RELATED

d)

EQUAL MPC

12.

Aggregate supply is equal to

a)

National Income

b)

Consumption + Savings

c)

Both A and B

d)

Aggregate Demand

13.

Theory of Determination of income and Employment is based on

a)

Ex-ante

b)

Ex-Post

c)

Both A and B

d)

None of the above

14.

AD=

a)

C+I

b)

C x I

c)

C + S

d)

C/Y

15.

What can be the Maximum value of Multiplier

a)

infinite

b)

10

c)

1

d)

0

16.

If consumption function is 100 + 0.8Y then What will be the MPS ?

a)

100

b)

-100

c)

0.8

d)

0.2

17.

Investment That changes with the change in income is called

a)

Autonomous Investment

b)

Induced Investment

c)

Net Investment

d)

Gross Investment

18.

Value of Investment Multiplier can be more than 5 , if

a)

MPC=MPS =0.5

b)

MPC<=0.8

c)

PMC>=0.8

d)

MPS<0.2

19.

If the MPC > MPS The value of Multiplier will be

a)

greater than 2

b)

Less than 2

c)

Equal to 2

d)

Equal to 5

20.

AS curve Starts from

a)

The origin point

b)

below the origin point

c)

above the origin point

d)

none of these