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Economics · 2024 · 1 mark
Determination of Income and EmploymentDetermination of Equilibrium Income in the Short Run1 markUnderstandassertion reason
CBSE 2024 · Region 2 · Set 1 · Q10
Read the following statements : Assertion (A) and Reason (R). Choose the correct alternative from those given below :Assertion (A) : The equilibrium level of income is determined, when ex-ante spending and ex-ante output are equal.Reason (R) : The equilibrium level of income may or may not be the same as the full employment level of output.Alternatives :
Official answer
From CBSE’s own marking scheme for this paper.
(B)
Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).
Marking-scheme solution
(B)
Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).
Practice Determination of Income and Employment →All Determination of Income and Employment questions
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CBSE Class 12 Economics past-paper question from the 2024board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.