Macro

Income & Employment

Medium

Find out correct one :

(A) MPC is the change in consumption per unit change in income

(B) MPS is the saving per unit of income

(C) APC is the consumption per unit of income

(D) APS is the change in saving per unit change in income

Choose the correct answer from the options given below :

(A) and (B) Only

(A) and (C) Only

(B) and (C) Only

✅ Correct Option: 2

MPC = change in consumption / change in income (A is correct). APC = total consumption / total income, i.e., consumption per unit of income (C is correct). MPS = change in saving / change in income, not saving per unit of income -- that would be APS. So (B) describes APS, not MPS, making it incorrect. (D) describes MPS but labels it APS, so it is also incorrect.

2026: 12 May Shift 1

Disposable income is -

2023: 1 June Shift 1

Match List - I with List - II.

	List - I		List - II
(A)	Marginal Propensity to Save	(I)	$\frac{\Delta Y}{\Delta I}$
(B)	Average Propensity to Consume	(II)	$\frac{\Delta S}{\Delta Y}$
(C)	Value of Investment Multiplier	(III)	1 - APS
(D)	Marginal Propensity to Consume	(IV)	$\frac{\Delta C}{\Delta Y}$

Choose the correct answer from the options given below :

2026: 6 June Shift 1

If all the people of the economy increase the proportion of income they save, the total value of savings in the economy will not increase - it will either decline or remain unchanged. This result is known as the___.

2025: 13 May Shift 1

Level of employment is determined by which of the following?

2026: 6 June Shift 1

If the supply of final goods is assumed to be infinitely elastic at a constant price over a short period of time, aggregate output is determined solely by the value of aggregate demand. This is called.

2026: 23 May Shift 1

Arrange the following steps in ascending order in respect to determination of equilibrium level of income in an economy as a result of change in autonomous expenditure:

A. The output and aggregate demand will increase.

B. In the economy autonomous investment increased by Rs. 10 Cr.

C. The aggregate demand curve shifts in parallel upwards.

D. The investment multiplier works in forward direction.

Choose the correct answer from the options given below:

Find out correct one : (A) MPC is the change in consumption per unit change in income (B) MPS is the saving per unit of income (C) APC is the consumption per unit of income (D) APS is the change in saving per unit change in income Choose the correct answer from the options given below :

Solution

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CUET Economics Past Year Questions (Topic-Wise)

Find out correct one :

(A) MPC is the change in consumption per unit change in income

(B) MPS is the saving per unit of income

(C) APC is the consumption per unit of income

(D) APS is the change in saving per unit change in income

Choose the correct answer from the options given below :