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NextQ125

Suppose, the consumption function is given as : C = 205 + 0.9 Y (where C = Total Consumption and Y = National Income) The value of Investment Multiplier (K) would be ____________. (Choose the correct option to fill in the blank)

Concept of Investment MultiplierStudy Simplify SpecialPYQ1MCQ
Question 124

If an upward sloping straight line consumption function makes an intercept at the Y-axis at a positive coordinate, it implies that Marginal Propensity to Consume (MPC) ___________ and Average Propensity to Consume (APC) ___________ as the income increases. (Choose the correct option to fill in the blanks)

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