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Economics Quiz

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

It refers to the ratio of total consumption to total income.

a)

APS

b)

MPC

c)

MPS

d)

APC

2.

It refers to the ratio of total savings to total income.

a)

APC

b)

APS

c)

MPC

d)

MPS

3.

Which of the following can be negative?

a)

APC

b)

MPC

c)

MPS

d)

APS

4.

When APC will be greater than one?

a)

When Y<C

b)

When Y= C

c)

When Y >C

d)

None of these

5.

Which of the following can never be negative?

a)

APC

b)

MPC

c)

APS

d)

MPS

6.

What is the formula of APC?

a)

C/S

b)

S/Y

c)

C/Y

d)

None of these

7.

What is the formula of APS?

a)

S/C

b)

Y/S

c)

S/Y

d)

None of these

8.

If APC is 0.45 than APS will be??

a)

0.56

b)

0.58

c)

0.45

d)

0.55

9.

The sum of APC AND APS is always equal to______?

a)

2

b)

1

c)

0

d)

None of these

10.

If C= Y , than value of APS will be

a)

1

b)

Less than 1

c)

0

d)

None of these

11.

IF savings is (-)500 and income is 2000 , what will be value of APC?

a)

1.52

b)

1.2

c)

1.25

d)

None of these

12.

ΔC/ΔY is the formula of ________.

a)

MPS

b)

APS

c)

APC

d)

MPC

13.

The ration of change in savings to change in income is called

a)

APS

b)

MPS

c)

APC

d)

MPC

14.

Initially the income was 5000 and consumption was 3000. If income increase by 2000 than consumption increases to 4500 . What is the value of MPC and MPS respectively?

a)

0.25 and 0.75

b)

0.6 and 0.4

c)

0.9 and 0.1

d)

0.75 and 0.25

15.

The slope of consumption curve is indicated by

a)

MPS

b)

APC

c)

MPC

d)

APS

16.

APS will be negative when _______.

a)

When Y> C

b)

Y= C

c)

When Y < C

d)

None of these

17.

If APS is 0. 25 and Income is 2000 . What will be the value of consumption?

a)

500

b)

1500

c)

150

d)

None of these

18.

If income increases by 6000 and consumption increases by 2000. What will be the value of MPS

a)

0.6

b)

0,67

c)

0.76

d)

None of these

19.

At break even point what will be the value of APS

a)

1

b)

0

c)

Less than 1

d)

None of these

20.

If savings increases from (-50) to (-) 30 due to increase in income of 200. What will be the value of MPC?

a)

0.1

b)

0.9

c)

0.8

d)

None of these