Question : Which of the following about MPC is correct?

MPC can be more than 1

MPC of rich is more.

MPC falls with successive increase in income.

Option 1: Only 1

Option 2: Only 2&3

Option 3: Only 3

Option 4: 1,2&3

Question

Question : Which of the following about MPC is correct?

MPC can be more than 1
MPC of rich is more.
MPC falls with successive increase in income.

Option 1: Only 1

Option 2: Only 2&3

Option 3: Only 3

Option 4: 1,2&3

Team Careers360 · Accepted Answer

Correct Answer: Only 3

Solution : The important points are-

Value of MPC where is between zero and one.
Value of poor is more than that of rich.
MPC falls with successive increase in income.

Hence, Option C is correct.

Exams

Colleges

Predictors

Resources

Quick links

B.Tech CompanionUse Now Your one-stop Counselling package for JEE Main, JEE Advanced and BITSAT

Exams

Colleges & Courses

Predictors

Resources

Exams

Colleges

Predictors & E-Books

Resources

Engineering Preparation

Medical Preparation

Online Courses

Products

Exams

Colleges

Resources

Exams

Colleges

Predictors & Articles

Resources

Exams

Colleges

Predictors

Resources

NEET CompanionUse NowYour one-stop Counselling package for NEET, AIIMS and JIPMER

Exams

Colleges

Upcoming Events

Resources

Exams

Colleges

Resources

Quick Links

Top Streams

Specializations

Resources

Top Providers

Exams

Colleges

Resources

Diploma Colleges

Exams

Colleges

Resources

Exams

Resources

Top Courses & Careers

Colleges

Exams

Upcoming Events

Resources

Other Exams

Exams

Colleges

Top Countries

Student Visas

Exams

Top Schools

Products & Resources

NCERT Study Material

Question : Which of the following about MPC is correct? MPC can be more than 1 MPC of rich is more. MPC falls with successive increase in income. Option 1: Only 1 Option 2: Only 2&3 Option 3: Only 3 Option 4: 1,2&3

Related Questions

Question : Which of the following is stock concept? Amount of bank deposits on 31.3.2022 Capital Balance in a bank account.

Question : Which of the following are true? NFIA can be zero, when income earned from abroad is equal to income paid to abroad. NFIA can be positive, when income earned from abroad is greater than income paid to abroad. NFIA can be

Question : Which of the following statements are correct? Saving curve starts from Y axis. Slope of savings curve is negative. After the break even point savings is positive. Marginal propensity to save refers to the ratio of savings to the

Question : Which of the following are the part of national income? Purchase of equipments for installation in a factory. Construction of a new house. Brokers commission on sale of shares.

Question : Which of the following statements are true? National income at constant prices also known as real national income. National income rise is also known as nominal national income. National income at current price is affected by

Trending Articles/News

Sign In/Sign Up

Download the Careers360 App on your Android phone

B.Tech CompanionUse Now
Your one-stop Counselling package for JEE Main, JEE Advanced and BITSAT

NEET CompanionUse Now
Your one-stop Counselling package for NEET, AIIMS and JIPMER

Question : Which of the following about MPC is correct?

MPC can be more than 1

MPC of rich is more.

MPC falls with successive increase in income.

Option 1: Only 1

Option 2: Only 2&3

Option 3: Only 3

Option 4: 1,2&3

Question : Which of the following is stock concept?

Amount of bank deposits on 31.3.2022

Capital

Balance in a bank account.

Question : Which of the following are true?

NFIA can be zero, when income earned from abroad is equal to income paid to abroad.

NFIA can be positive, when income earned from abroad is greater than income paid to abroad.

NFIA can be

Question : Which of the following statements are correct?

Saving curve starts from Y axis.

Slope of savings curve is negative.

After the break even point savings is positive.

Marginal propensity to save refers to the ratio of savings to the

Question : Which of the following are the part of national income?

Purchase of equipments for installation in a factory.

Construction of a new house.

Brokers commission on sale of shares.

Question : Which of the following statements are true?

National income at constant prices also known as real national income.

National income rise is also known as nominal national income.

National income at current price is affected by