Refer to the information provided in Table 24.7 below to answer the question(s) that follow.
Table 24.7
All Numbers are in $ Million
-Refer to Table 24.7. Which of the following variables is considered autonomous?

Question

Refer to the information provided in Table 24.7 below to answer the question(s) that follow.
Table 24.7
All Numbers are in $ Million 
-Refer to Table 24.7. Which of the following variables is considered autonomous?

Quizplus · Accepted Answer

Autonomous variables are those that are not affected by changes in other variables in the model. In this table, planned investment and planned government spending are autonomous variables because they are not affected by changes in income or output. Saving, on the other hand, is not autonomous because it is influenced by changes in income and output. Therefore, the correct answer is D, as both planned investment and planned government spending are considered autonomous variables in this model.

Refer to the Information Provided in Table 24