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Fill in the Blank with Appropriate Alternatives Given Below that Part of Income, Which is Not Spent on Consumption, is Called __________. - Economics

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प्रश्न

Fill in the blank with appropriate alternatives given below

That part of income, which is not spent on consumption, is called __________. 

विकल्प

  • expenditure

  • saving

  • investment

  • publicdebt

MCQ
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उत्तर

That part of income, which is not spent on consumption, is called saving.

Explanation:
Individuals incur expenditure on consumption from the income. However, not all of the income is spent on consumption, rather a part of it remains unspent. This unspent part of the income is called as savings.

Saving = Income – Consumption

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अध्याय 10: Determinants of Aggregates - Exercise 1 [पृष्ठ ९३]

APPEARS IN

मायकल वाझ Economics [English] 12 Standard HSC
अध्याय 10 Determinants of Aggregates
Exercise 1 | Q 1.2 | पृष्ठ ९३

संबंधित प्रश्न

What is aggregate supply?


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Explain the concept of ‘deficient demand’ in macroeconomics.


Derive the two alternative conditions of expressing national income equilibrium. Show these equilibrium conditions on a single diagram.


State three measures to reduce inflationary gap.


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explain the role of Bank Rate in correcting deficient demand?


Explain the role of 'Open Market Operations' in reducing Deflationary Gap


What is a ‘consumption function’?


Explain the subjective factors which determine consumption function.


Discuss the situation when aggregate demand is more than aggregate supply at full employment income level.


What are the determinants of Aggregate demand?


Explain with reason, whether you agree or disagree with the following statement:

Aggregate supply is influenced only by availability of natural resources.


Write explanatory answer:

What is Aggregate demand ? Explain the determinants of Aggregate demand.


State with reason whether you agree or disagree with the following statements. (any Three) 

Aggregate demand  depand only on the consumption expenture. 


 Explain the following concepts or give definitions. 

Depreciation  


Fill in the blank with appropriate alternatives given below

The General Theory of Employment, Interest and Money was written by __________. 


Define or Explain the following concept:

Aggregate Supply


Give reason or explain.

Aggregate demand is a positive function of the level of employment and output.


Write Short note on:

Marginal Propensity to Consume


State with reason whether you agree or disagree with the following statement.

Aggregate demand depends only on the consumption expenditure.


Answer in detail.
Explain the determinants of aggregate demand.


Answer in detail.
What is Aggregate Supply? Explain the determinants of Aggregate Supply.


Write explanatory answer.
What is 'aggregate supply'? Explain the determinants of aggregate supply.


Discuss the working of the adjustment mechanism in the following situations:

Aggregate demand is greater than the aggregate supply.


Answer the following question.
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Discuss the adjustment mechanism in the following situation :
Aggregate demand is lesser than Aggregate Supply.


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With the help of a diagram, determine the equilibrium level of output and income by using Aggregate demand and aggregate supply approach.


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