Advertisements
Advertisements
प्रश्न
Define average propensity to consume (APC).
उत्तर
Average Propensity to Consume:
The average propensity to consume is the ratio of consumption expenditure to any particular level of income.” Algebraically it may be expressed as under:
Where, C = Consumption; Y = Income
APC = `C/Y`
Where, C = Consumption; Y = Income.
APPEARS IN
संबंधित प्रश्न
An increase in the marginal propensity to consume will:
If the Keynesian consumption function is C=10+0.8 Y then, if the disposable income is Rs 1000, what is the amount of total consumption?
If the Keynesian consumption function is C=10+0.8 Y then, and disposable income is ₹100, what is the average propensity to consume?
As national income increases______.
An increase in consumption at any given level of income is likely to lead to ______.
The relationship between total spending on consumption and the total income is the _______.
The sum of the MPC and MPS is _______.
As income increases, consumption will _________.
When investment is assumed autonomous the slope of the AD schedule is determined by the _____.
Define marginal propensity to consume (MPC).
What do you mean by a propensity to save?
Define Marginal Propensity to Save (MPS).
Explain any three subjective and objective factors influencing the consumption function.
Explain Keynes's psychological law of consumption function with a diagram.
Briefly explain the subjective and objective factors of consumption function?
