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Determination Of Income And Employment

Question

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What are the types of Propensity to consume?

Solution

Propensity to consume is of two types —Average Propensity to Consume (APC) and Marginal Propensity to Consume (MPC).

Some More Questions From Determination of Income and Employment Chapter

Explain the meaning of aggregate supply (AS).

Calculate consumption level for Y = र 1000 crores if consumption function is C = 300 + 0.5Y.

State relationship between income and consumption.

What is Breakeven point?

What are the types of Propensity to consume?

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