Question

If consumption in time
period 't' is expressed
as a function of Income
in time period 't-1', it
refers to
deductive analysis
inductive analysis
static analysis
dynamic analysis​

Answer 1

Answer:

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Answer 2

The correct answer is option (a) deductive analysis.

Explanation:

• If consumption in time period 't' is expressed as a function of Income in time period 't-1', it refers to deductive analysis.
• Deductive analysis reasoning aims at testing an existing theory.
• It is a way of testing theory qualitatively.
• A deductive analysis approach to research is the one that people typically associate with scientific investigation.
• Hence, the correct answer is option (a) i.e deductive analysis.