The non-income determinants of consumption include all of the following EXCEPT
A) stock of assets owned by household.
B) changes in business investment spending.
C) the interest rate.
D) real wealth.

Question

Quizplus · Accepted Answer

Non-income determinants of consumption include factors such as the stock of assets owned by households, interest rates, and real wealth, which affect consumers' ability and willingness to spend. Changes in business investment spending, however, are not typically considered a non-income determinant of consumption, as they primarily affect the level of economic activity in general rather than individual consumer behavior.

The Non-Income Determinants of Consumption Include All of the Following