The table given below reports the consumption expenditure of a nation at different levels of disposable income. Table 9.1
Refer to Table 9.1.Autonomous consumption expenditure in this nation will equal:
A)$10, 000.
B)$5, 500.
C)$4, 500.
D)$3, 000.
E)$4, 000.

Question

The table given below reports the consumption expenditure of a nation at different levels of disposable income. Table 9.1
 Refer to Table 9.1.Autonomous consumption expenditure in this nation will equal:
A)$10, 000. 
B)$5, 500. 
C)$4, 500. 
D)$3, 000. 
E)$4, 000.

Quizplus · Accepted Answer

Autonomous consumption expenditure is the portion of consumption expenditure that is independent of disposable income. It is given in the table as $4,500.

The Table Given Below Reports the Consumption Expenditure of a Nation