Identify the correct statement with regards two sector economy model: A. Total factor income is equal to aggregate consumption expenditure. B. Consumers can dispose off their earnings through spending their entire income on consumption. C. Balance of trade surplus. D. Fair society through progressive tax regime. Choose the correct answer from the options given below:

Question

Option 1: A, B and D only

Option 2: A, and D only

Option 3: C and D only

Option 4: A and B only

AfterBoards · Accepted Answer

The answer is 'A and B only'. View full solution:

CUET Economics 2026 23rd May Shift 1 PYQs

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