Question : Which of the following statement are true?
Option 1: Both are true.
Option 2: Both are false.
Option 3: Statement 1 is true, statement 2 is false.
Option 4: Statement 1 is false, statement 2 is true.
Correct Answer: Statement 1 is false, statement 2 is true.
Solution : Induced investment is directly influenced by the income level. Induced investment is made when marginal efficiency of investment is more than the rate of interest. Hence, Option D is correct.
Question : Which of the following are true?
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