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:
Answer & explanation
Correct answer: option 1
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 |