Income and consumption are :

Related MCQs

• Consumption function expresses the relationship between consumption and -
• The functional relationship between income and consumption expenditure is explained by -
• When income increase, consumption also increases :
• A siuation where we have people whose level of income is not sufficient to meet the minimum consumption expenditure is considered as -
• National income accounting is the study of the income and expenditure of the entire -
• Which law states that with constant taste and preferences, the proportion of income spend on food stuff diminishes as income increases?
• Which one of the following is not included while estimating national income through income method?
• Which law of economics states that “with given preferences or tastes, the proportion of income spent on food diminishes as income increase”?
• Pairs of goods for which consumption is interdependent e.g., cars and petrol or cups and saucers are known as:
• The relationship between the rate of interest and level of consumption was first visualized by -