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प्रश्न
Statement 1: The maximum value of Marginal Propensity to Consume (MPC) can be unity.
Statement 2: As the income of an economy increases, the proportionate increase in the level of consumption is always more than the increase in the level of income.
पर्याय
Statement 1 is true and Statement 2 is false.
Statement 1 is false and Statement 2 is true.
Both Statements 1 and 2 are true.
Both Statements 1 and 2 are false.
MCQ
उत्तर
Statement 1 is true and Statement 2 is false.
Explanation:
- Statement 1 is true because the marginal propensity to consume (MPC) can have a maximum value of 1, meaning the entire additional income is spent on consumption.
- Statement 2 is false because, as income increases, the proportionate increase in consumption is generally less than the increase in income, reflecting the tendency to save more as income rises.
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