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Economics · 2022 · 2 marks
Determination of Income and EmploymentAggregate Demand and its Components2 marksUnderstandvery short answer
CBSE 2022 · Region 5 · Set 1 · Q3
'Consumption function curve of an involuntary unemployed workers start from some positive level on Y-axis even at zero level of Income.' Justify the…
'Consumption function curve of an involuntary unemployed workers start from some positive level on Y-axis even at zero level of Income.'Justify the given statement.
Marking-scheme solution
Consumption function curve of an unemployed person starts from some positive level on Y-axis, as Autonomous Consumption is independent of level of income. Autonomous Consumption signifies the minimum level of consumption which is essential for survival.
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CBSE Class 12 Economics past-paper question from the 2022 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.