Keynesian consumption function expresses relationship between:
Options
AConsumption and Savings
BConsumption and Income
CSavings and Investment
DIncome and Investment
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Determination of National IncomePYQ - Jan 2021 (Inter)Question 106 of 20
All Questions Correct Answer
✅ Option b — Consumption and Income
All Options:
- AConsumption and Savings
- BConsumption and Income
- CSavings and Investment
- DIncome and Investment
About This Chapter: National Income
Paper
Paper 4: Business Economics
Weightage
15%
Key Topics
Aggregates, Measurement, Keynesian Theory
A crucial chapter covering national income aggregates like GDP, GNP, NDP, NNP, and the methods of measuring national income (Income, Expenditure, and Output methods). It also introduces Keynesian Theory including the concepts of Aggregate Demand, Consumption Function, and the Multiplier.
View Official ICAI SyllabusExam Strategy Tip
Practice numerical questions on GDP/GNP calculations and the Multiplier. These are guaranteed marks in every exam. Also understand the circular flow of income clearly.
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