________ consumption is consumption that does not depend upon the level of GDP.
A)Autonomous
B)Induced
C)Voluntary
D)Disposable
E)Household

Name: ________ consumption is consumption that does not depend upon the level of GDP. A)Autonomous B)Induced C)Voluntary D)Disposable E)Household
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Question

Quizplus · Accepted Answer

Autonomous consumption refers to the level of consumption that occurs no matter what the level of GDP is. It is considered the baseline level of consumption that would still occur even if a consumer had no income.

________ Consumption Is Consumption That Does Not Depend Upon the Level