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Aggregate Demand, Consumption & Saving · Question 36 of 60

Question 36

MediumOriginal question

Income rises from ₹500 crore to ₹650 crore and consumption rises from ₹400 crore to ₹520 crore. The MPC is

Options for question 36

Show the answer and explanation
CorrectNot quiteAnswer C

Correct answer: C

Explanation

  1. ΔC = 520 − 400 = 120; ΔY = 650 − 500 = 150.

  2. MPC = 120 ÷ 150 = 0.8.

Concept
Calculating MPC
Typical time
70 s
Your time
—
The rule this testsAPC, MPC, APS and MPS
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