Differentiate Between an Induced Increase in Consumption and an Autonomous

question 123

Essay

Differentiate between an induced increase in consumption and an autonomous increase in consumption.How are they represented on a graph?

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Definitions:

Cumulative Frequency

The running total of frequencies up to a certain point in a set of data.

Total Number

The cumulative count of all elements or instances within a specific set or collection.

Upper Class Limits

The maximum value within a class interval in a frequency distribution, where classes are used to group data.

Class Width

In statistics, the difference between the upper and lower boundaries of a class interval in a frequency distribution.