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Economics · 2023 · 1 mark
Determination of Income and EmploymentAggregate Demand and its Components1 markUnderstandassertion reason
CBSE 2023 · Region 3 · Set 1 · Q10
Read the following statements : Assertion (A) and Reason (R). Choose the correct alternative from those given below.Assertion (A) : The value of Average Propensity to Consume (APC) can never be zero or negative.Reason (R) : Average Propensity to Consume (APC) is independent of the level of income.Alternatives :
Official answer
From CBSE’s own marking scheme for this paper.
(C)
Assertion (A) is true, but Reason (R) is false.
Marking-scheme solution
Assertion (A) is true, but Reason (R) is false.
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 2023board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.