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) Average Propensity to Consume	(I) it is the savings per unit of income
(B) Marginal Propensity to Consume	(II) it is the consumption per unit of income
(C) Average Propensity to Save	(III) it is the change in savings per unit change in income
(D) Marginal Propensity to Save	(IV) it is the change in consumption per unit change in income.

Choose the correct answer from the options given below:

Options:

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

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

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

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

Correct Answer:

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

Explanation:

The correct answer is Option (1) → (A)-(II), (B)-(IV), (C)-(I), (D)-(III)

List-I	List-II
(A) Average Propensity to Consume	(II) it is the consumption per unit of income
(B) Marginal Propensity to Consume	(IV) it is the change in consumption per unit change in income.
(C) Average Propensity to Save	(I) it is the savings per unit of income
(D) Marginal Propensity to Save	(III) it is the change in savings per unit change in income