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Economics · 2023 · 1 mark
Determination of Income and EmploymentDetermination of Income in Two-sector Model1 markUnderstandmcq
CBSE 2023 · Region 4 · Set 1 · Q1
Read the following statements carefully :Statement $\displaystyle 1$ : Investment is defined as addition to the physical capital and changes in the inventory.Statement $\displaystyle 2$ : At equilibrium level of income, ex-post investments and ex-post savings are always equal.In light of the given statements, choose the correct alternative from the following :
Official answer
From CBSE’s own marking scheme for this paper.
(C)
Both Statements $\displaystyle 1$ and $\displaystyle 2$ are true.
Marking-scheme solution
(C)
Both Statements $\displaystyle 1$ and $\displaystyle 2$ are true.
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.