Note: Amounts in $ trillions
-Refer to the above table. Which variables in the table are NOT autonomous?
A) taxes, government spending, and saving
B) planned investment, net exports, and government spending
C) planned consumption and planned saving
D) planned saving only

Question

Note: Amounts in $ trillions
-Refer to the above table. Which variables in the table are NOT autonomous?
A) taxes, government spending, and saving 
B) planned investment, net exports, and government spending 
C) planned consumption and planned saving 
D) planned saving only

Quizplus · Accepted Answer

Planned consumption and planned saving are not autonomous because they depend on the level of income, whereas the other variables are typically considered autonomous as they do not directly depend on income levels.

Note: Amounts in $ Trillions