🎖️ Defence📈 Economics

Which one of the following hypotheses postulates that individual's consumption in any time period depends upon resources…

Q1
Which one of the following hypotheses postulates that individual's consumption in any time period depends upon resources available to the individual, rate of return on his capital and age of the individual?
aAbsolute Income Hypothesis
bRelative Income Hypothesis
cLife Cycle Hypothesis
dPermanent Income Hypothesis
🔒
Answer & explanation — PYQ Pass

Options are free to see. Unlock the correct answer and full explanation with Pass.

Unlock · ₹149

Practice more Defence Economics PYQs

See every question on Economics, or browse the full Defence question bank.

See all questions on Economics →