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WorksheetsIncome Determination
Total questions: 15
Worksheet time: 6mins
Average propensity to Consume is equal to :-
Y/C
ΔY/ΔS
C/Y
ΔC/ΔY
Autonomous Investment curve looks like:-
Components of Aggregate demand are
Consumption(C) & Investment(I)
Consumtion(C) & saving(S)
Autonomous consumption is equal to
Saving
Dissaving
Y=C+=?
Saving(S)
Export(X)
Two components of AS(Aggregate supply) are
C+G
C+S
Autonomous Consumption is __________________ related to the level of Income.
Totally
Inversely
Positively
Not
The APC can be measured by dividing change in consumption with the change in disposable income.
TRUE
FALSE
Which of the following best describes the aggregate demand curve?
It is a curve that shows the relationship between consumer spending and income.
It is a curve that shows the amount of goods and services domestic consumers will buy from domestic and foreign firms.
It is a curve that shows the level of spending by consumers, businesses, the government, and the foreign sector at different price levels.
It is a curve that shows only the level of government spending at different price levels.
It is a curve that shows the level of spending by all factors of production at different price levels.
Aggregate Supply is same as
National output
National Income
Both (a) & (b)
None of the above
Which of the following is not a component of AD in a 2 sector economy?
Net Exports
Govt. Expenditure
Consumption
Both (a) & (b)
Break-even point is achieved when:
National Income = Consumption
Consumption = Saving
Consumption = Investment
National Income> Consumption
Which of these is a component of AD?
Private final consumption expenditure
Investment expenditure
Govt final consumption expenditure
All of the above
Tick on the correct Consumption Curve.
Aggregate Supply & _____ are always equal.
AD
MPC
National Income
APC
