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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…
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
(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).
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CBSE Class 12 Economics past-paper question from the 2023 board exam, with the answer as CBSE’s own marking scheme gives it. Where our answers come from.