Match List-I with List-II. List-I

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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) Consumption	(I) $\overline{C}+\overline{I}+cY$
(B) Marginal propensity to consume	(II) $\overline{C}+cY$
(C) Aggregate Demand	(III) $1-MPC$
(D) Marginal propensity to save	(IV) $\frac{ΔC}{ΔY}$

Choose the correct answer from the options given below :

Options:

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

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

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

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

Correct Answer:

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

Explanation:

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

Explanation :

(A) Consumption - $\overline{C}+cY$

(B) Marginal propensity to consume - (IV) $\frac{ΔC}{ΔY}$

(D) Marginal propensity to save - (III) $1-MPC$