NextQ45

Read the following statements : Assertion (A) and Reason (R). Choose the correct alternative given below. Assertion (A) : Rich people have lower Marginal Propensity to Consume (MPC) as compared to poor people. Reason (R) : Consumption curve makes an intercept on the y-axis at a point above the origin. Alternatives :

Concept of Investment MultiplierStudy Simplify SpecialPYQ1MCQ
Question 44

An increase in National Income occurs by Rs. 3,000 crore, as investments increased by Rs. 1,200 crore. The value of investment multiplier would be _________. (Choose the correct alternative to fill up the blank)

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