________ 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

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; it occurs even if the GDP is zero, reflecting basic consumption needs that must be met regardless of income.

________ Consumption Is Consumption That Depends Upon the Level of GDP