________ consumption is consumption that depends upon the level of GDP, and ________ consumption is consumption that does not depend upon the level of GDP.
A)Autonomous; induced
B)Induced; autonomous
C)Voluntary; autonomous
D)Autonomous; voluntary
E)Planned; unplanned

Question

Quizplus · Accepted Answer

Induced consumption varies with the level of GDP, meaning it increases or decreases as GDP changes. Autonomous consumption, on the other hand, does not depend on the current level of GDP and occurs even if income levels are zero, reflecting basic consumption needs.

________ Consumption Is Consumption That Depends Upon the Level of GDP