Question : Which of the following statemenst are true?

1. If MPC and MPS are equal, the value of multiplier is 2.
2. If investment multiplier is 1, the value of MPC is zero.

Question : Which of the following statement are true?

1. At breakeven point, income and consumption are equal.
2. Equality between AD and AS implies the equality between income and AD.

Question : Which of the following statement are true?

1. Autonomous investment is directly influenced by the income level.
2. Induced investment is made when marginal efficiency of investment is more than the rate of interest.

Question : Which of the following statement are true?

1. Foreign aid against earthquakes victim is revenue expenditure.
2. Dividends on investment made by government is capital receipts.

Question : Which of the following statement are true?

1. APC can be more than one.
2. APC+APS =1 always.