Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Determination of Income and Employment

Question:
Multiplier is not related with which of the following?
Options:
APC
MPC
Investment multiplier
MPS
Correct Answer:
APC
Explanation:
APC is the ratio between absolute consumption and absolute income in a specific income level. It measures the overall percentage of income that is spent rather than saved.