Which of the Following Best Represents the Consumption Function

question 3

Multiple Choice

Which of the following best represents the consumption function?

• A) consumption = autonomous consumption + (the marginal propensity to consume × disposable income)
• B) consumption = disposable income - (autonomous consumption / the marginal propensity to consume)
• C) consumption = disposable income × (1 / 1 - the marginal propensity to consume)
• D) consumption = autonomous consumption + (the marginal propensity to consume × transfer payments) / disposable income

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Definitions:

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Independent Variable

The variable in an experiment that is manipulated or changed by the researcher to study its effect on the dependent variable.

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