CUET Economics PYQs

Which of the following statements are true:

(A). Average propensity to consume is the change in consumption per unit to change in income.

(B). Ex-ante depicts what has been planned.

(C). Ceteris paribus means 'other things remain equal'.

(D). Ex-post depicts what has actually happened.

Choose the correct answer from the options given below:

The ratio of the total increment in equilibrium value of final goods output to the initial increment in autonomous expenditure is called...................

The level of output is determined by the .....