National income of the economy which is either consumed or saved is equal to the:

CA Foundation · Business Economics · PYQS · January 2026
National income of the economy which is either consumed or saved is equal to the:
(A) A. Aggregate supply
(B) B. Marginal propensity to consume
(C) C. Average supply
(D) D. Marginal propensity to save

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. Aggregate supply

Topics: Determination of National Income

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