Test Index

CBSE 2020 Class 12 Economics Outside Delhi Set 1

© examsnet.com
Question : 23
Total: 47
Answer the following questions on the basis of given figure:
(i) What does the shaded area AOB indicate?
(ii) What is the significance of point B ?
Solution:  
(i) The shaded area AOB indicates "Dissavings".
(ii) At point B, saving is zero and total income is equal to total consumption.
It means:
C‌=y
APC‌=‌
c
y
=‌
y
y
=1
APS‌=1−APC
‌=1−1=0
APS‌=0
Point B, average propensity to save is zero
© examsnet.com
Go to Question:
Prev Question
Next Question