Which one of the following variables has an induced component?
A)investment
B)consumption
C)exports
D)government expenditure on goods and services
E)all of the above

Name: Which one of the following variables has an induced component? A)investment B)consumption C)exports D)government expenditure on goods and services E)all of the above
Brand: Quizplus
Rating: 5.0 (43 reviews)

Question

Quizplus · Accepted Answer

Consumption has an induced component because it varies with changes in income levels, unlike the other variables which are typically considered autonomous.

Which One of the Following Variables Has an Induced Component