Advertisements
Advertisements
Question
If the Keynesian consumption function is C=10+0.8 Y then, and disposable income is ₹100, what is the average propensity to consume?
Options
₹ 0.8
₹ 800
₹ 810
₹ 0.9
Solution
₹ 0.9
APPEARS IN
RELATED QUESTIONS
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?
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 _________.
What is consumption function?
What do you mean by propensity to consume?
Define average propensity to consume (APC).
What do you mean by a propensity to save?
Define average propensity to save (APS).
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?