CUET Economics - The value that marginal rate of propensity can take in consumption function. | PYQs + Solutions

CUET Economics 2025 27 May Shift 2

Macro

Medium

0 < MPC<1

0 < MPC>1

0> MPC<1

0 > MPC>1

✅ Correct Option: 1

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Even if income is zero, some consumption still takes place, which is independent of income. This type of consumption is called?

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Full employment, in context of determination of income, implies?

CUET Economics 2025 27 May Shift 2 PYQs