Question : Consumption at zero level of income is called ____________________.
Option 1: Autonomous consumption
Option 2: Consumption
Option 3: Average consumption
Option 4: Marginal consumption

Question

Question : Consumption at zero level of income is called ____________________.

Option 1: Autonomous consumption

Option 2: Consumption

Option 3: Average consumption

Option 4: Marginal consumption

Team Careers360 · Accepted Answer

Correct Answer: Autonomous consumption

Solution : Consumption at zero level of income is called autonomous consumption. As income increase, consumption also increase.
Hence, Option A is correct.

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Question : Consumption at zero level of income is called ____________________.Option 1: Autonomous consumptionOption 2: ConsumptionOption 3: Average consumptionOption 4: Marginal consumption

Related Questions

Question : When income level is zero, the consumption is ___________. Option 1: Positive Option 2: Negative Option 3: Zero Option 4: None of the above.

Question : Using the consumption function, Calculate consumption at income level of 2500 crore, if autonomous consumption is 100 crore and 40% of additional income is consumed.Option 1: 1000Option 2: 1100Option 3: 900Option 4: 800

Question : __________________________ refers to the consumption expenditure to the corresponding level of income. Option 1: Average propensity to consume Option 2: Marginal propensity to consume Option 3: Average propensity to save Option 4: None of the above.

Question : Using the consumption function, Calculate saving at income level of 2500 crore, if autonomous consumption is 200 crore and 60% of additional income is consumed.Option 1: 1000Option 2: 600Option 3: 800Option 4: 200

Question : _____________________ is defined as ratio of change in consumption to change in total incomeOption 1: Marginal propensity to consumeOption 2: Marginal propensity to saveOption 3: Average propensity to consumeOption 4: Average propensity to save.

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Question : Consumption at zero level of income is called ____________________.
Option 1: Autonomous consumption
Option 2: Consumption
Option 3: Average consumption
Option 4: Marginal consumption

Question : When income level is zero, the consumption is ___________.

Option 1: Positive

Option 2: Negative

Option 3: Zero

Option 4: None of the above.

Question : Using the consumption function, Calculate consumption at income level of 2500 crore, if autonomous consumption is 100 crore and 40% of additional income is consumed.
Option 1: 1000
Option 2: 1100
Option 3: 900
Option 4: 800

Question : __________________________ refers to the consumption expenditure to the corresponding level of income.

Option 1: Average propensity to consume

Option 2: Marginal propensity to consume

Option 3: Average propensity to save

Option 4: None of the above.

Question : Using the consumption function, Calculate saving at income level of 2500 crore, if autonomous consumption is 200 crore and 60% of additional income is consumed.
Option 1: 1000
Option 2: 600
Option 3: 800
Option 4: 200

Question : _____________________ is defined as ratio of change in consumption to change in total income
Option 1: Marginal propensity to consume
Option 2: Marginal propensity to save
Option 3: Average propensity to consume
Option 4: Average propensity to save.