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 corresponding level of income.
Option 1: 1,2&3
Option 2: 1,3&4
Option 3: 2,3&4
Option 4: 1,2&4
Answer (1)
24th Jan, 2024
Correct Answer:
1,3&4
Solution : The important points are-
- Saving curve starts from Y axis.
- Slope of savings curve is positive.
- After the break even point savings is positive.
- Marginal propensity to save refers to the ratio of percentage change in savings to the percentage change in level of income.
Hence, Option B is correct.
Comments (0)
Related Questions
Trending Articles/News
