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प्रश्न
State the meaning of the following:
Autonomous Consumption
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उत्तर
Autonomous Consumption Expenditure refers to that portion of consumption expenditure that is independent of the level of the disposable income. That is, irrespective of the level of disposable income, there will be always certain consumption expenditure. At zero level of disposable income, when income is zero, then also there will be some consumption expenditure, as the consumer need to sustain their life. The consumer at a zero level of income finances his/her consumption expenditure by the way of borrowings. This part of consumption expenditure is symbolically denoted by capital `"C" (bar"C").`
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संबंधित प्रश्न
Given the following data, find the missing value of 'Government Final Consumption Expenditure' and 'Mixed Income of Self Employed'.
| S.No. | Particulars | Amount (In ₹ crores) |
| (i) | National Income | 71,000 |
| (ii) | Gross Domestic Capital Formation | 10,000 |
| (iii) | Government Final Consumption Expenditure | ? |
| (iv) | Mixed Income of Self Employed | ? |
| (v) | Net Factor Income from Abroad | 1,000 |
| (vi) | Net Indirect Taxes | 2,000 |
| (vii) | Profits | 1,200 |
| (viii) | Wages & Salaries | 15,000 |
| (ix) | Net Exports | 5,000 |
| (x) | Private Final Consumption Expenditure | 40,000 |
| (xi) | Consumption of Fixed Capital | 3,000 |
| (xii) | Operating Surplus | 30,000 |
In equation C = a + by, the value of b lies between ______.
Aggregate Demand is not determined by which of the following.
Which of the following statements is true?
On the basis of following schedule, answer the given questions:
| Income (in ₹ crores) |
Savings (in ₹ crores) |
| 0 | -20 |
| 50 | -10 |
| 100 | 0 |
| 150 | 30 |
| 200 | 60 |
- Calculate Marginal Propensity to Save (MPS) at ₹ 150 crores level of income.
- What is the value of Autonomous Consumption?
Read the following statements carefully:
Statement 1: The induced consumption shows, the direct relation between consumption and income.
Statement 2: With a certain increase in income, induced consumption also increases.
In the light of the given statements, choose the correct alternative from the following:
What does the consumption function show?
At zero income, what happens to consumption?
How does the consumption curve begin and move as income changes?
What is autonomous consumption?
Which expression represents induced consumption in the consumption function?
Which formula correctly defines Marginal Propensity to Consume (MPC)?
Which formula correctly defines Marginal Propensity to Save (MPS)?
If \[MPC=0.8\], what is MPS?
What does \[APC=\frac{C}{Y}\] measure?
What does \[APS=\frac{S}{Y}\] measure?
What does the 45° line represent?
What does it mean when the consumption curve is below the 45° line?
