Match List-I with List-II List-

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Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Determination of Income and Employment

Question:

Match List-I with List-II

List-I	List-II
(A) Marginal propensity to consume	(I) Change in savings per unit change in income.
(B) Marginal propensity to save	(II) Savings per unit of income.
(C) Average propensity to consume	(III) Change in consumption per unit change in income.
(D) Average propensity to save	(IV) Consumption per unit of income.

Choose the correct answer from the options given below:

Options:

(A)-(I), (B)-(II), (C)-(III), (D)-(IV)

(A)-(III), (B)-(I), (C)-(IV), (D)-(II)

(A)-(I), (B)-(II), (C)-(IV), (D)-(III)

(A)-(III), (B)-(IV), (C)-(I), (D)-(II)

Correct Answer:

(A)-(III), (B)-(I), (C)-(IV), (D)-(II)

Explanation:

The correct answer is Option (2) → (A)-(III), (B)-(I), (C)-(IV), (D)-(II)

List-I	List-II
(A) Marginal propensity to consume	(III) Change in consumption per unit change in income.
(B) Marginal propensity to save	(I) Change in savings per unit change in income.
(C) Average propensity to consume	(IV) Consumption per unit of income.
(D) Average propensity to save	(II) Savings per unit of income.