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:

Summarized

The presentation of data or information in a condensed form, highlighting the main points or statistics.

Proportions

A statistical measure that reflects the relationship of a part to the whole, often expressed as a fraction or percentage.

Median

Median is the middle value in a set of data when arranged in ascending or descending order, effectively dividing the dataset into two halves.

Ordered Array

A list of elements arranged in ascending or descending order based on their values.