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CUET Economics 2023 PYQs20 June Shift 1. Free, no login required.

Macro

past year questions, CUET Economics 2023 20 June Shift 1

Income & Employment

past year questions, Macro, CUET Economics 2023 20 June Shift 1

Easy

When at a particular price level, aggregate demand for final goods equals aggregate supply of final goods, the final goods or product in market reaches its equilibrium. Aggregate demand for final goods consist of ex-ante consumption, ex-ante investment, government spending etc. The rate of increase in ex-ante consumption due to a unit increase in income is called marginal propensity to consume.

Aggregate demand for final goods doesn't include.

Solution

✅ Correct Option: 2

Aggregate Demand = Consumption (C) + Investment (I) + Government spending (G) + Net exports (X-M). Saving is a leakage from income, not a component of demand. So 'Saving' is NOT included in aggregate demand for final goods.

More from this set:

Question 46

Equilibrium in product market achieved when.

Question 47

Final goods are those goods.

Question 49

MPC stands for.

Question 50

The sum total of MPC and MPS is always equal to:

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CUET Economics Past Year Questions (Topic-Wise)