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प्रश्न
Statement 1: In a two sector economy, consumption expenditure and investment expenditure are the two components of Aggregate Demand.
Statement 2: Aggregate demand curve always start from point of origin with positive slope.
In the light of given statements, choose the correct alternative from the following:
विकल्प
Statement 1 is true and Statement 2 is false.
Statement 1 is false and Statement 2 is true.
Both statements 1 and 2 are true.
Both statements 1 and 2 are false.
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उत्तर
Statement 1 is true and Statement 2 is false.
Explanation:
- Only the household sector and the producer sector exist in a two-sector economy.
- Consumption expenditure, or spending on final products and services, is incurred by the household sector, whereas investment expenditure, or spending on fixed assets, is incurred by the producer sector.
- The Aggregate Demand (AD) curve begins on the Y-axis since there is always some degree of consumption and investment at zero income.
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संबंधित प्रश्न
Gross investment =
Suppose that for a particular economy, investment is equal to 200, government purchases are 150, net taxes (that is lump-sum taxes minus transfers) is 100, and consumption is given by C = 100 + 0.75Y (1) What is the level of equilibrium income?
What is the marginal propensity to import when M = 60 + 0.06Y? What is the relationship between the marginal propensity to import and the aggregate demand function?
Which of the following statements are correct?
Statement 1: Marginal propensity to import is the fraction of additional income spent on imports.
Statement 2: It is given that M = 60 + 0.06Y. Therefore, marginal propensity to import (m) = 0.06.
Which of the following statements is correct?
What is the formula for aggregate demand (AD) in an open economy?
What is the key difference between planned (ex-ante) and actual (ex-post) demand?
Which factor primarily drives consumption (C) expenditure by households?
According to the simple Keynesian model, an economy's total income in the short run depends on:
Which of the following is NOT an assumption of the Keynesian model?
Ex-post demand refers to:
Ex-ante and ex-post demand are equal:
A firm planned to sell its entire output during the year, but actual sales fell short of planned sales. The gap between the firm's desired demand and its actual (effective) demand arises from:
Which pairing correctly matches the demand concept with its area of use?
Aggregate demand (AD) is defined as:
Household consumption expenditure (C) mainly depends on:
Ex-ante and ex-post concepts apply to which macro variables, and for what purpose are they essential?
