Autonomous Expenditure

question 99

Multiple Choice

Autonomous expenditure:

• A) has a positive relationship with income.
• B) is mostly controlled by the government.
• C) is independent of the current level of income in the economy.
• D) stays constant over time.

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Definitions:

Cash Dividends

Distributions of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders in the form of cash.

Balance Sheet

A financial statement that summarizes a company’s assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of its financial condition.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a fixed asset since it was put into use.

Cash Dividends

Distributions of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders in cash.