MPC + MPS = ?
Options
A0
B1
CInfinity
DNone
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Determination of National IncomePYQ - Nov 2020 (Inter)Question 117 of 20
All Questions Correct Answer
✅ Option b — 1
All Options:
- A0
- B1
- CInfinity
- DNone
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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