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Economics · 2023 · 1 mark
Determination of Income and EmploymentAggregate Demand and its Components1 markAnalyseassertion reason
CBSE 2023 · Region 1 · Set 1 · Q7
Read the following statements : Assertion (A) and Reason (R). Choose the correct alternative given below :Assertion (A) : Before reaching the Break-Even level of income, the value of Average Propensity to Consume (APC) is greater than one.Reason (R) : The Average Propensity to Consume (APC) is the ratio of the total consumption and total income.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 2023board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.