What is autonomous consumption in the consumption function?
Important Questions on Determination of Income and Employment
Match List I with List II
| List I | List II |
| (A) Income Method | (I) Calculated at current prices |
| (B) Expenditure Method | (II) Calculated at constant prices |
| (C) Real GDP | (III) Aggregate of final expenditures |
| (D) Nominal GDP | (IV) Aggregate of factor incomes |
Choose the correct answer from the options given below:
Choose the correct statements from the following:
(A) Adam Smith is termed as Father of Modern Economics.
(B) J.M. Keynes gave the Theory of Income, Output, and Employment.
(C) Four Sector Model = C + I + G + (X - M)
(D) Store of value is a primary function of money.
Arrange the sequence of events relating to establishment of equilibrium in the economy:
(A) This will cause unintended decumulation of inventories
(B) This process continues till ex-ante aggregate demand becomes equal to ex-ante aggregate supply.
(C) The producers will respond by increasing output.
(D) If ex-ante demand for final goods by firms and households is greater than the output the producers plan to produce in a given year.
(E) When output increases, both employment and income rise.
Choose the correct answer from the options given below:
Identify the correct set of statements:
(A) Ex Ante Saving represents what is actually planned to save.
(B) Ex Post Saving represents what is actually planned to save.
(C) Ex Post Saving depicts what has actually happened.
(D) Ex Ante Post Saving represents what is actually saved.
Choose the correct answer from the options given below:
Rearrange the given statements in proper chronological sequence (earliest to latest):
(A) General Theory of Employment, Interest and Money by Keynes.
(B) Mahalanobis was made a fellow of Britain's Royal Society.
(C) An Inquiry into the Nature and Cause of the Wealth of Nations by Adam Smith.
(D) The Economic Consequences of the Peace by Keynes.
