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Consumption and Investment Functions - Two Marks Study Materials

12th Standard EM

    Reg.No. :
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Economics

Time : 01:00:00 Hrs
Total Marks : 30
    15 x 2 = 30
  1. What is consumption function?

  2. What do you mean by propensity to consume?

  3. Define average propensity to consume (APC).

  4. Define marginal propensity to consume (MPC).

  5. What do you mean by propensity to save?

  6. Define average propensity to save (APS).

  7. Define Marginal Propensity to Save (MPS).

  8. Define Multiplier.

  9. Define Accelerator

  10. When Y = 120, C = 120, calculate APC.

  11. What is saving?

  12. Define Investment Function.

  13. What are the factors MEC depends on?

  14. What are the “Leakages of Multiplier? Leakages of multiplier.

  15. Compare and contrast the MPC and the MPS. Also explain what these two figures must always add up to.

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